The S&P 500 pulled back all last week until it showed some signs of life in Friday’s session. Will Monday produce a bullish start to the week and trigger a buy setup? Obviously, that is what we will be watching for, but if not, another move lower might continue with potential new tariffs always being a concern heading into the week.
The FAANG stocks took some sizable losses last week so a potential rebound will be watched as many appear to be a bit extended to the downside. The Dow broke a two-day win streak, led lower by Boeing and Apple on trade concerns.
U.S. stock futures were higher prior to the opening this morning, after the S&P 500 and Nasdaq posted their fourth straight negative session on Friday.
It is another heavy week as far as economic report go with most of the releases coming on Thursday and Friday, including a new retail sales report on Friday before the open.
• Sep 10: JOLTS
• Sep 11: PPI
• Sep 12: CPI
• Sep 12: Jobless Claims
• Sep 12: Treasury Budget
• Sep 13: Retail Sales
• Sep 13: Consumer Sentiment
Quarterly earnings continue to be nonexistent at this point.
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