*Weekly Market Report ๐*
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MUST READ
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Here's a rundown of key economic events and earnings reports for the week:
- *Monday*: Trump tariff news sparks market uncertainty
- *Tuesday*: CPI inflation report, NY manufacturing survey, and earnings from JPMorgan ($JPM), Citigroup ($C), and Wells Fargo ($WFC)
- *Wednesday*: PPI inflation report, Fed speakers, and earnings from Bank of America ($BAC), Goldman Sachs ($GS), Morgan Stanley ($MS), Johnson & Johnson ($JNJ), ASML ($ASML), and United Airlines ($UAL)
- *Thursday*: Retail sales, jobless claims, Philly manufacturing survey, and earnings from Netflix ($NFLX), Taiwan Semiconductor ($TSM), and PepsiCo ($PEP)
- *Friday*: Housing starts, consumer sentiment, inflation expectations, and earnings from American Express ($AXP) and 3M ($MMM)
*Market Insights:*
- Stocks fell due to escalating trade tensions, with Europe's Stoxx 600 dropping 0.5% and S&P 500 futures retreating 0.4%
- Bitcoin surged past $120,000 for the first time
- Trump's tariff threats are testing market resilience, injecting uncertainty into the market
- Economic data, including inflation reports, will shape the Federal Reserve's stance on rate cuts
*What's Next?*
The week's economic reports will offer an early read on the impact of tariffs and shape market expectations for the Federal Reserve's next moves. Stay tuned!
