Friday PPI at 8:30 am is tomorrow's primary inflation catalyst. Next Monday features ISM Manufacturing at 10:00 am. High-impact labor data arrives next Wednesday with ADP at 8:15 am and ISM Services at 10:00 am. Fed speakers Bowman today (Thursday) at 10:00 am and Williams Tuesday at 9:55 am signal a cautious policy stance. Monitor for stagflation; a hot PPI with weak services could spark a sell-off. Use ADP to gauge NFP expectations for $SPY and $QQQ.
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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.