Industrial Production data releases today, Friday, at 9:15 am. High-impact S&P Global Manufacturing and Services PMI arrive next Wednesday at 9:45 am, providing critical growth signals. Fed speak from Goolsbee on Monday at 6:30 am and Hammack on Thursday at 8:50 am will clarify the rate path following recent labor cooling. Thursday also features Jobless Claims at 8:30 am. Markets are hyper-focused on whether PMI data confirms a soft landing or signals a deeper contraction.
Watch the 9:45 am PMI release on Wednesday for immediate scalping opportunities in index futures. If Manufacturing data misses expectations, expect a flight to safety in Treasury bonds as recession fears resurface.
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.