Everything you need to know before the Stock Market opens on Monday presented in just 10 minutes. This is the stock market news and stock market analysis you need to know. We talk about Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole, the stock market crash on Friday, how you can expect the stock market to perform this week, and what economic news is coming out this week that could move the markets.
Hi guys it’s stock curry and after friday’s massive market crash what can we expect for this week well probably more of the same early on but perhaps a little bit of a rally at the end of the week i’ll explain why in today’s video so let’s get into it to understand what might happen this week we have to understand why the market crashed on friday jerome powell
Spoke at jackson hole friday morning and it was a very short eight minute speech during that eight minute speech there was one thing jerome powell said that the markets freaked out about and that was quite simply jerome powell said that inflation remains higher than he would like to see and that the federal reserve will continue to raise interest rates and will
Continue to keep interest rates elevated until inflation comes down now that scared the market because the markets were on high hoping that the fed was going to stop raising interest rates and just let the interest rate hikes that they had so far worked their way through the economy and jerome powell shattered those dreams and brought everybody back to reality
Which sent the stock market down three percent in the s p down and four percent in the nasdaq so given the scare and the fear that is back into the market what is gonna happen this week well let’s take a look at some of the economic news because this week is going to be driven off of a lot of economic news that’s coming out before we get to the economic news
Let’s talk about the fundamentals that are driving the stock market right now which ultimately is going to be earnings unfortunately the rent crisis on main street just took a turn for the worse as businesses are having difficulty paying their rents alignable did a survey and the alignable data shows that many small businesses are still struggling to get back to
Pre-covered revenue levels and this is happening just as the fed is taking steps to slow down demand last december amid the critical holiday season 43 of small businesses said they were fully back to pre-coped levels however now it’s only 23 of businesses that say they’re back to pre-copied levels and it’s not just alignable the alignable data actually matches a
Recent cnbc survey monkey small business survey that was done which showed small business confidence hitting in an all-time low and it’s not just small businesses that are struggling either inventory pileups and uneasy shoppers are putting major retailers in jeopardy these major retail chains have a huge amount of inventory and unsold goods going into a big sales
Period just as consumers are cutting back on their spending and all of this bad news has caused investors to ramp up their bets against the stock market as this summer rebound rally fizzles net short positions against the s p 500 futures have grown to levels not seen since the covid pandemic the s p 500 is coming off of a second consecutive week of losses after
The federal reserve chairman jerome powell said friday that the central bank must continue raising interest rates and will hold them at a higher level until policymakers are confident that inflation is under control the stock market suffered its worst day in more than two months on friday now part of the reason the stock market had rallied is because inflation
Moderated a little bit in july but jerome powell said that those price ratings were welcome but fell far short of what the fed is looking for so jerome powell coming out and saying even a zero percent month over month inflation report is far short of what the fed is looking for indicates that the federal reserve will be extremely hawkish going throughout the
Rest of the year and into 2023 trying to get inflation under control this certainly spooked the stock market caused the stock market to crash on friday will more than likely cause the stock market to continue to fall on monday however going into tuesday wednesday thursday and friday for the rest of this week we have some very important economic data that’s coming
Out that could possibly provide a little bit of relief to this massive sell-off that we’ve seen over the past few days this week we have job market and home price data including labor data from july and august on tuesday the labor department releases its july data on job openings quitting hiring and layoffs this data is a lot more in-depth than finalized than
The preliminary data for august that we’re going to get later in the week the s p case shiller national home price index is also being released on tuesday we already know what price trends have been in june and on tuesday we’re going to get some information for july the conference board’s consumer confidence index is also being released for august on tuesday and
This is expected to have risen slightly after hitting its worst level ever back in june consumer confidence is expected to have risen due to lower gas and energy prices however some people think the rise may be short-lived as gas and energy prices start to rise again on wednesday we get the european union’s cpi or consumer price inflation data which is expected
To have remained at 8.9 in august although this won’t really affect the stock market that much on wednesday but it will provide a little bit of pause on economic data on wednesday now on thursday we get a couple of different reports from the labor department the first one that we’re going to get are for new filings for unemployment ending for last week and then we
Are also getting a revised estimate of u.s labor productivity which is essentially a measure of goods and services produced per hour worked and this is expected to have declined for the second straight quarter this kind of goes into gdp a little bit on thursday we also get the purchasing manager survey which is a major survey that has moved the market significantly
In the past so when s p global releases this survey on thursday we can expect a pretty big market move just based upon this one survey alone and also on thursday we have construction spending which is expected to have held steady and finally on friday the labor department will report how many jobs the u.s economy added in august and they’ll say whether the
Unemployment rate held at the 50-year low reached in july the august employment report will also include updated figures on wage gains which is very important to look at to see if we are in fact entering a wage growth spiral and if we are entering a wage growth spiral that could cause concern that the fed might raise interest rates even more than they did at their
Last meeting the reason for that is because a wage growth spiral will have a more significant negative effect on the economy than normal inflation because a wage growth spiral can actually trigger hyper inflation so if we are getting signs of a wage growth spiral the fed is going to have to raise interest rates very quickly to get that under control before it gets
Out of control and completely destroys the us economy so that’s all the economic news that we have for this week in the beginning of the week i think the market is still going to be focused on the fed’s comments from friday and might drop a little bit later in the week especially on tuesday thursday and friday we have some pretty big economic data that if it comes
In positive could push the market up a little bit and provide a little bit of a relief to this sheer drop-off that we’ve seen starting on friday now that said we also have some earnings coming out this week even though earnings season is wrapping up we still have a few companies you might want to keep your eye out for the only major earnings we have that people
Are really going to be interested in are coming out on tuesday and that includes best buy and baidu before the market opened and then after the close on tuesday we have crowdstrike chargepoint and chewie so that’s gonna do it for all of the market update i also wanted to let you know that you only have two days left to get up to 25 free stocks and to join the vip
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Lot of success trading and i will see you tomorrow you
Transcribed from video
EVERYTHING YOU NEED TO KNOW FOR MONDAY – Stock Market News – Stock Market Analysis – Mon, Aug 20, 22 By Stock Curry – We Profit Day and Night
