Lower volume than usual today across the board, with choppy action in stock indices.
Summer trading? 4th of July extended vacations to some of the larger money? perhaps the light calendar and maybe it is all of the above.
Looks like a Light week ahead, based on reports below BUT we have CPI, PPI as well as:
Heavy Fed Speak and Data :
We have Treasury Secretary Yellen and Fed Chair Powell providing testimony to congress’s Semiannual Monetary Policy report, Tuesday its the U.S. Senate Committee on Banking, Housing and urban affairs. Wednesday it’s Before the U.S. House Financial Services Committee. In addition to 4 other Fed Speakers, Barr, Bowman, Goolsbee and Cook.
On the data front, impressive releases: Used Car Data, Consumer Inflation Expectations, Consumer Credit, NFIB Business Optimism Index, Jobless Claims, CPI, PPI, Michigan Consumer Sentiment
And Finally, WASDE release on Friday @11 a.m. Central
Daily Levels for July 9th, 2024
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