Title: Economic Calendar Preview: What to Expect from July CPI and Retail Sales Reports
As the world’s best investment manager and financial market journalist, I am here to provide you with a comprehensive analysis of the upcoming economic data releases that will impact the financial markets this week. In this article, we will delve into the significance of Wednesday’s July CPI and Thursday’s July Retail Sales reports, which are eagerly awaited by investors and analysts alike.
The focus will be on the Core CPI and Core PCE data, as experts anticipate a decline in these key inflation indicators. With a 3.94% inflation rate, investors may struggle to achieve a real return on their investments without potential fed funds rate reductions in the near future.
Additionally, we will look at Walmart’s fiscal Q2 ’25 earnings report on Thursday morning, along with July Retail Sales figures. As a major player in the retail industry with a projected revenue of $703 billion in fiscal 2026, Walmart’s performance will provide valuable insights into the state of consumer spending in America.
Furthermore, we will examine the latest S&P 500 earnings data, including forward estimates, PE ratios, and earnings yield. The analysis will highlight sector-specific trends in expected EPS growth rates for full-year 2024, with a focus on financials, communications services, and technology.
Lastly, we will explore inflation expectations and their impact on the economy and stock market. The upcoming Michigan Consumer Sentiment Index report will shed light on inflation expectations, which are crucial indicators of future economic trends.
In conclusion, the financial markets are poised for volatility as key economic data releases and earnings reports come to the fore. Investors should pay close attention to these developments to make informed decisions about their portfolios. Stay tuned for more updates on market trends and analysis in the coming weeks.
The S&P 500 is Oversold on Sentiment Basis: What Does This Mean for Your Investments?
As the market opens on Monday morning following a drop in Japan’s market, the S&P 500 is now considered oversold on a sentiment basis. This may sound alarming, but in reality, very little actual price damage has been done to the S&P 500. This is simply a "correction phase" that many investors go through.
This correction was necessary to address an overbought situation that was prevalent among large-cap and mega-cap tech stocks. While it may seem concerning, it is actually a healthy adjustment for the market.
Investing always comes with risks, and past performance is not indicative of future results. It is important to remember that investing can lead to losses, even in the short term. All data mentioned in this article is sourced from LSEG.com.
In conclusion, while the market may seem volatile at times, it is important to stay informed and make educated decisions when it comes to your investments. By understanding market corrections and being prepared for them, you can navigate the ups and downs of the financial world with confidence.