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Jackson Hole Symposium and what must we expect from it
Another fully packed week is coming right up, with the Fed's Jackson Hole Economic Policy Symposium happening in the latter half of the week, and knowing what to expect and to focus on gives a slight edge in the trading industry.
On Tuesday, we're expecting the Richmond Fed Manufacturing Index (August print) and the new home sales print (July month-over-month)
On Wednesday, Ulta Beauty, Autodesk and Salesforce are sending their Q2 earnings report after market closes. Fresh economic data from non-defense capital goods and shipment (not including aircrafts) for July, MBA Mortgage Applications weekly report, and Durable goods order print for July,
On Thursday, the Jackson Hole Symposium would start, while earnings report of Dollar General, JM Smucker Co., and Dollar Tree would be released before the market opens. After market close, HP Inc. and The Gaps would release their Q2 earnings print. Incoming economic data would include the Initial jobless claims weekly report (expected to increase), continuing jobless claims weekly report (expected to decrease), Personal consumption print for Q2, Core PCE quarterly report for Q2, GDP annualized quarterly estimate for Q2, and the Kansas City Fed Manufacturing Activity Index for August.
Lastly, on Friday, no notable earnings report was scheduled to be released, but new economic data are expected. Among them are the July report of Advanced goods trade balance, July month-over-month PCE core deflator, July year-over-year PCE core deflator, August final print of University of Michigan Sentiment, July report for Personal income, and the July month-over-month preliminary print for the Wholesale inventories, which is expected to go down.
The Jackson Hole Symposium will last until Saturday and will likely to impact Thursday, Friday and next week's sessions.
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