ACTV - A Massive Week Of Data May Only Strengthen Market Trends
2024-06-30 06:15:00 ET
Summary
- US markets will have shortened trading hours on July 3rd and will be closed on July 4th, but will see a full slate of data, including Fed minutes and French and UK elections.
- US data flow includes ISM manufacturing, JOLTS, NFIB employment, and ADP employment data throughout the week.
- Analysts have historically overestimated BLS job data, while continuing claims rising and potential implications for the unemployment rate.
The week of July 1 will have a lot of news flow in a shortened period. In the US, there will only be a half-day of trading on July 3rd, with the market closed on July 4th. However, there is a complete data slate, including Fed minutes, the first round of the French elections, and a UK general election....
A Massive Week Of Data May Only Strengthen Market Trends