High-impact S&P Global Manufacturing and Services PMI data arrives Wednesday at 9:45 am, serving as a critical growth indicator. Fed speakers dominate the week, starting with Goolsbee today at 6:30 am, followed by a trio of officials Tuesday afternoon. Jobless claims on Thursday at 8:30 am and Durable Goods on Friday at 8:30 am will test economic resilience. Expect heightened volatility as markets parse these communications for clues on future interest rate trajectories and recession risks.
Monitor Wednesday's PMI prints for signs of stagflation, as manufacturing weakness could pressure equities. Traders should watch for hawkish shifts in Fed commentary throughout the week that might bolster the Dollar.
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.