Tuesday features high-volatility S&P Global Manufacturing and Services PMI at 9:45 am, providing critical growth signals. In two days, Thursday at 8:30 am, the Fed's preferred Core PCE Price Index and annualized GDP data arrive, likely dictating the interest rate path. Expect significant movement during Fed speeches by Williams and Goolsbee later that evening. Friday at 10:00 am concludes with Michigan Consumer Sentiment. Markets remain sensitive to these inflation metrics amid ongoing debates regarding potential late-summer rate cuts.
Traders should prioritize long or short positions based on Tuesday's PMI data for early trend confirmation. Volatility will peak Thursday morning; ensure stop-losses are tight before the 8:30 am PCE release.
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.