⚠️Wall Street Week Ahead: *Busy Week Could Hold Several Catalysts For Markets 👉 $DIA $SPY $QQQ $IWM $VIX
Friday before last eased concerns of an unavoidable recession. Investors concluded that retail's 1% rise, beating expectations, demonstrated consumers' resilience.
The GDP is the most critical data, and in some places expected to show a contraction. If so, it would be the second in a row after the 1.6% decline in the first quarter. If this scenario follows through, we will have an official recession., a widely watched predictor of GDP, had its latest estimate at 1.6%, suggesting a recession is here.The biggest companies in the US will be releasing corporate results this week.
Even if firms met or exceeded expectations, how did they fare relative to previous years? How excited are investors likely to get if expectations were low?
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