Good Morning Stock Enthusiasts,
In case you missed it on Sunday night, CBS’ 60 Minutes aired an interview with none other than Fed Chair Powell. The interview discussed inflation, and the steps already taken in addition to Powell discussing the Fed’s future course of action.
The Questions
Will the Federal Reserve cut interest rates at the March meeting?
Is there any reason Americans should believe the prices of things will decline?
What is the likelihood of another real estate-led banking crisis?
Powell believes this is highly unlikely, however…
Powell’s largest concern for the long term remains the U.S. Government’s fiscal path as it continues to hurt future generations.
What does the Federal Reserve Committee need to see to cut interest rates during Q2-Q3 of this year?
The Result:
Futures trading has pulled back after Fed Chair Powell’s aired comments.
The Week Ahead - Economic Calendar
Monday, February 5
S&P final U.S. services PMI
ISM services
Atlanta Fed President Raphael Bostic speaks
Tuesday, February 6
4 Fed Speakers (1 after the market closes)
Wednesday, February 7
U.S. trade deficit
4 more Fed Speakers
Consumer Credit
Thursday, February 8
Initial Jobless Claims
Wholesale Inventories
Friday, February 9
CPI seasonal factor revisions
Earnings
Monday pm
Tuesday
Wednesday
Thursday
Friday am
SPY 0.00%↑ Greeks
One of the best ways to prepare for the week ahead is by analyzing how market makers are positioning at key SPY levels, using this knowledge to better understand the price-action.