Last week’s higher-than-expected CPI data initially caused market jitters, but the S&P 500 maintained its all-time high level. This week brings a lighter economic calendar, with markets closed on Monday for Presidents Day.
As traders prepare for reduced trading volumes, they should be cautious of potential wider spreads and increased volatility if significant news breaks. The Federal Reserve’s FOMC meeting minutes will be released Wednesday, providing additional context on the discussions that led to recent rate decisions.
Thursday’s Philadelphia Fed Manufacturing Index and Friday’s Manufacturing PMI will offer insights into the industrial sector’s health, with any improvement boosting market sentiment. Walmart’s earnings report on Thursday is also worth watching, as it provides a key view of consumer spending trends and inflation’s impact.
Additionally, former President Trump’s scheduled speech on Tuesday could influence certain sectors, although its direct impact remains uncertain. With reduced trading volumes and significant news releases, traders should exercise caution and stay informed about market developments.
Source: https://www.barchart.com/story/news/30959154/holiday-trading-fomc-meeting-minutes-and-other-key-things-to-watch-this-week