Tomorrow, Thursday, expect high volatility with GDP Annualized at 8:30 AM EST and critical Core PCE Price Index (MoM/YoY) at 10:00 AM EST, vital for Fed rate decisions. Also Thursday at 8:30 AM EST, Initial Jobless Claims will offer employment insights. Friday features S&P Global Manufacturing and Services PMIs at 9:45 AM EST, indicating economic activity. Traders should monitor these releases closely for market direction.
Traders should brace for significant market moves Thursday around inflation and growth data, potentially influencing Fed expectations. Friday's PMI data will gauge economic momentum. Position sizing and risk management are paramount given the concentrated high-impact events.
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.