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- Has the bearish sentiment come to an end?
Has the bearish sentiment come to an end?
The week of 05/13/24 begins, and we saw that last week the bearish sentiment seemed to fade due to reports and macro data. Let’s do a recap and take a look at what seems interesting.
Profitus Trader
May 10, 2024
MOTIVATION
Quote of the Week
"The only limit to your achievements is your imagination."
– Walt Disney—
06/05/2024
What You Need to Know This Week
Last week (06/05/2024), some market operators are viewing cash as an attractive position, but…
Consumers are pulling back, and hiring is also slowing... conditions may be setting up for rate cuts (which would be good for stocks).
The SEC continues issuing warnings to crypto and wants to apply the same rules that apply to stocks and bonds (debatable).
In election years, historically, the index performs well 75% of the time (from June to August) with an average return of 7.3%.
Chinese stocks are soaring with a tenth consecutive bullish session.
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ECONOMIC CALENDAR 13/05/2024
Economic Events
Day | Event |
|---|---|
Monday | FOMC Member Speech |
NY FED Inflation Expectations | |
Tuesday | Producer Price Inflation MoM (PPI)* |
Wednesday | Inflation Data** |
Retail Sales MoM | |
Crude Oil Inventories | |
Thursday | Jobless Claims |
Friday |
Details:
Producer Price Index (PPI) for Final Demand Inflation measures month-over-month changes in the prices of goods sold for personal consumption, capital investment, government, and exports.
Inflation rate and core inflation rate. Monthly and annual changes.
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