Tuesday features high-impact Retail Sales at 8:30 am, followed by critical testimony from Fed Chair-designate Warsh at 10:00 am as markets weigh leadership shifts. Thursday brings S&P Global Manufacturing and Services PMIs at 9:45 am, offering fresh growth signals. Watch Friday at 10:00 am for Michigan inflation expectations. With Warsh's testimony being a focal point, expect significant volatility in Treasury yields and the dollar as he outlines his monetary policy stance.
Traders should monitor the 10:00 am Tuesday testimony for clues on future rate paths, as hawkish rhetoric could spike USD and yields. Prepare for volatility in consumer discretionary stocks following the 8:30 am Retail Sales print. Use Thursday's PMI data to gauge if the "soft landing" narrative remains intact for equity markets.
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.