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I'm continuing my close watch of the markets for the week ahead, including some of the most impactful earnings reports that will act as a bellwether for the broader economy.
Speaking of which…
Despite recovering from last week's losses Monday morning, following Trump's tweet indicating progress in trade talks, the market has been trending down today as investors weigh possible signs of a weakening economy, more earning reports, and a renewed fall of the Treasury yields.
Additionally, the Fed is scheduled to release minutes from its July meeting tomorrow, and Fed Chair Jerome Powell will be speaking on Friday morning to kick off the Fed's very own Jackson Hole Symposium. Traders have a positive feeling about how the Fed chair will address their ability to backstop trade uncertainties.
About the Author
Nationally recognized technical trader. Background in engineering, system designs, and risk reduction. 26 years in the markets.