The stock market is setting up for an eventful week, but finally the 2 important data sets are here.
All eyes will be on the CPI report this week to see if inflation has really peaked and if the data will support more Fed tightening.
But on Tuesday, a more important set of data is release, the US trade balance numbers come in.
I go over the impact of the trade balance and deficit and why this could be a leading indicator for markets.
All in all though, it looks like these 2 data sets will provide enough volatility for the markets.
On top of all this, we will also be opening the week with a bunch of oil news and with oil futures already climbing, and we will possibly hear about updated trade deals.
After this brief recap, I go over my portfolio and stocks to watch this week.
I will be eyeing AMZN post split to see the hype.
Then I will be watching ON stock & VICI stock because they were added to the S&P.
Then finally I will be watching GILD stock, which had good news regarding their breast cancer drug.
EITHER WAY ITS GOING TO BE EXCITING, SO I HOPE YOU ARE READY!
POST YOUR WATCHLIST BELOW AND SEE YOU IN THE MORNING!