Today is Thursday, I don't know if you all managed to navigate last night's rollercoaster market!
Tonight, three data points are about to shine:
1: 🇺🇸 Initial Jobless Claims for the week, previous value 21.7, expected 22.4. If the number rises, it will further confirm economic weakness, supporting the logic for easing.
2: June's PCE data, previous value 2.70%, expected 2.70%. This data is also crucial; if it continues to cool down, it will increase the probability of interest rate cuts, which will benefit the market.
3: The monthly line for the major index is also approaching its conclusion. The major index has been fluctuating for over 20 days. Will it drive the entire market to close with a decent monthly K? We hope it doesn't affect market sentiment in August.
It feels like tonight is not just a data night, but a night of direction. The market could take off at any moment or could crash down. But as retail investors, volatility is what makes us greedy!
