240812 Market Outlook
Last two weeks adjustment was aligned with the rise in Unemployment Rate and associated worries about the possible US economic slowdown.
A week ago gap was closed last Friday, but there still remain another gap on Aug-2, which slightly increase the probability of further rise in US stocks.
The focus of this week is inflation data from US, including PPI on Tue, Inflation Rate on Wed and Retail Sales on Thu. Additionally, investors should pay attention to Initial Claims on Thu and Michigan Consumer Sentiment on Fri.
A week ago gap was closed last Friday, but there still remain another gap on Aug-2, which slightly increase the probability of further rise in US stocks.
The focus of this week is inflation data from US, including PPI on Tue, Inflation Rate on Wed and Retail Sales on Thu. Additionally, investors should pay attention to Initial Claims on Thu and Michigan Consumer Sentiment on Fri.
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