Week Ahead

Global Markets Rocked by China

With U.S. markets focused on the economic recovery and rising inflation, global markets were rocked by China’s social crackdown now reaching its capital markets. Several of China’s regulatory agencies cracked down on overseas IPOs, resulting in China’s stock market falling more than 10% early in the week.

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Cloud Computing Competition Up

Competition in cloud computing between Amazon’s AWS, Google Cloud, and Microsoft’s Azure is getting more intense as it makes up a major source of revenue growth for all three companies. Plus, earnings season is in full swing.

Stacked lumber

Housing Market Cooling

Housing market looks to be cooling as existing home sales dropped by 0.9%. Lumber is down 60% from recent highs. Earning season picks up this week with reports from airlines, railroads, drug companies and technology.

Wet green apple on yellow background

Apple Driving Market Rally

Last week, meme stocks grabbed the headlines while stocks in general inched to record highs. Read more about upcoming economic reports and possible Fed responses in the Week Ahead.

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Fed’s Comments Push Equities Up

Sowell acknowledged that inflation had increased notably in recent months, but he reiterated that he saw it as transitory due to supply issues and the reopening of the economy. He believes the labor market has a long way to go and needs continued support. The bullish comments on supporting the economy for as long as it takes pushed equities higher for the week.

Hawk

Fed Views Looking Hawkish by 2023

On Wednesday, the Fed raised its inflation expectations, saying that it is considering tapering its purchases of Treasuries and mortgage securities and showed a slightly more hawkish view towards 2023 rate hikes. Read more about expectations associated with Powell’s upcoming congressional testimony.

Front of car in parking lot

Used Car/Truck Prices Spike

The demand for used cars and trucks has surged as semiconductor shortages have crippled new car production and populations have shifted to suburbs. Read more about what is driving consumer prices up in the Week Ahead.

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Meme Stocks Grabbing Headlines

Last week, meme stocks grabbed the headlines while stocks in general inched to record highs. Read more about upcoming economic reports and possible Fed responses in the Week Ahead.

Man in dinosaur skull struggling with teeth spelling "inflation"

Inflation Returns. Is it Transitory?

Fast-rising inflation returned in April, with CPI rising 4.2% from a year ago. This price increase could be transitory as supply shortages and reopening surge in demand is temporarily pushing prices higher. Read more about the effect on market volatility in the Week Ahead.

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