Following today's robust NFP and ISM Manufacturing data, focus shifts to Tuesday's ISM Services PMI at 10:00 AM EST, a key inflation and growth indicator. Factory Orders on Monday at 10:00 AM EST and Thursday's Initial Jobless Claims at 8:30 AM EST will offer further economic insights. Fed speeches by Daly on Wednesday at 4:10 PM EST and Bostic on Thursday at 10:00 AM EST will be closely watched for monetary policy cues amidst ongoing rate uncertainty.
Traders should brace for volatility around Tuesday's ISM Services PMI, given its direct impact on inflation expectations and Fed policy. Strong services data could reinforce hawkish sentiment. Monitor Fed official speeches for subtle shifts in rate guidance, especially after recent strong labor and manufacturing reports.
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.