Monday Market Must-Knows: August 14, 2023

Last week, we saw major marketindexes decline, particularly NASDAQ, which enters demand zones. 

Earnings reports from numerous NASDAQ companies are awaited, potentiallyimpacting market dynamics. Earnings season highlights a 66% drop in weeklyearnings compared to the previous week. Notable companies reporting include SunCore Energy, Home Depot, Cardinal Health, Allegiant Technologies, CiscoSystems, Target,, TJ Maxx, Walmart, Applied Materials, Ross Stores,Keysight Technologies, Palo Alto Networks, John Deere, and Estee Lauder. 

A crucial data release is the retail sales announcement on Tuesday at 8:30 amET, with a historical trend of marginal fluctuations around the zero line. Anexpectation of 0.4% growth suggests modest improvement but not a strongresurgence in sales. 

Additionally, the New Zealand dollar faces a late-night rate announcement at 10pm ET on Tuesday. Following a pause in July, the rate is anticipated to remainat 5.5%, impacting the currency's recent weakening trend against other globalcurrencies. 

Volatility is expected due to uncertainties around the announcement's outcomeand central bank statements. These insights are essential for navigating theweek ahead.

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