Will fear linger in the tradingweek?
Following a chaotic prior week,major market indexes are down roughly two percent. Four consecutive down daysbrought significant losses to indexes and commodities. Gold, silver, and thetech sectors suffered declines. The concern is whether this fear will continueinto the coming trading week and what crucial information releases needattention.
The focus this week is on earnings reports and data releases. About 406companies report, including Zoom, Lowe's, Macy's, Baidu, Medtronic, UrbanOutfitters, and Dick's Sporting Goods. Nvidia's report is crucial for the AImarket.
Macro-wise, manufacturing and services data are due in Europe (France, Germany,EU) England and the US. Housing, a GDP contributor, faces interest rate impactson new home sales. Despite an uptrend until 2020, recent data is fluctuatingdue to rising rates. In summary, monitor data trends, earnings, and housingreactions to rising rates, and trade cautiously.
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