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Monday's Market Minute: What To Watch This Week

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Monday's Market Minute: What To Watch This Week

It’s kind of a light week in terms of numbers with potential to move markets scheduled for release – the focus will be on Fed speakers, earnings, indices, and rates.

The bid market sending /ES and /NQ to new highs is a reflection of how investors feel about the low rate environment and optimism surrounding a Phase 1 Trade War deal expected in the coming weeks. But Fed Chair Jerome Powell was clear – the economic data needs to be closely monitored and, in my opinion, so do rates. Keep an eye on the TNX this week, as ten-year yields have been stuck between 1.42%-2.00% since the first week in August. If economic conditions weaken and rates force the Fed’s hand, then stocks will remain attractive.

This week’s ecodata includes ISM Non-Mfg. Index, JOLTS, Consumer Sentiment, and Treasury Auctions. Overseas, the Bank of England and the Bank of Australia will determine rates this week.

Information from TDA is not intended to be investment advice or construed as a recommendation or endorsement of any particular investment or investment strategy, and is for illustrative purposes only. Be sure to understand all risks involved with each strategy, including commission costs, before attempting to place any trade.

Image by Brett Hondow from Pixabay

Posted-In: TD AmeritradeNews Global Federal Reserve ETFs General Best of Benzinga

 

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