đWEEKLY MARKET OUTLOOK:
đšTuesday: Housing Starts; $HD $TOL $XPEV Earnings
đšWednesday: Fedâs Waller Speech; Fed Minutes; $TGT $TJX $EL $COTY $BIDU Earnings
đšThursday: Jobless Claims,Philly Mfg. Survey, Mfg., Services PMIs, Existing Home Sales; Jackson Hole; $WMT $ROST Earnings
đ„ Friday: Jackson Hole, Fed Chair Powell Speech
đĄ"No major news today or this week with high impact only Friday powell speech and any geopolitical developments regarding war. no big economical news so a lot of chop expected until friday"!
- Wall Street saw a quiet start to a key Federal Reserve week, with geopolitics coming into play as President Donald Trump said he hopes to set a trilateral meeting with Russia and Ukraine as he welcomed Volodymyr Zelenskiy to the White House to discuss a potential peace deal.
- Following a series of all-time highs for the S&P 500, the gauge wavered.
- Traders will get a close look at how American consumers were faring in the early days of Trumpâs tariff regime when retail giants like Walmart Inc. and Target Corp. report earnings this week.
- A big week is coming up for the central bank as the Kansas City Fedâs annual Economic Policy Symposium kicks off Thursday in Jackson Hole, Wyoming.
- Jerome Powell is expected on Friday to unveil the Fedâs new policy framework â the strategy itâll use to achieve its inflation and employment goals. He may also drop some hints about the Fedâs thinking ahead of its September policy meeting đš