Tomorrow, Thursday, S&P Global PMI at 9:45 am EST and Friday's inflation expectations in 2 days at 10:00 am EST are critical for the Fed's outlook. Initial Jobless Claims arrive Thursday at 8:30 am EST. Strong PMI data may pressure equities, signaling a hawkish Fed stance. Traders should watch for volatility at 9:45 am EST Thursday. Next Tuesday, in 6 days, ADP data at 8:15 am EST will shift focus to labor. Monitor Treasury yields if inflation expectations spike.
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Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.