Will PCE Hit the Fed's Target? - MMMK 062424

For the upcoming trading week, several key events and data releases are noteworthy. Last week ended with bearish shooting star formations in the S&P and NASDAQ. This week, 239 companies report earnings, including FedEx, Carnival Cruise Lines, Micron Technologies, Paychex, General Mills, Levi’s, Nike, McCormick & Company, and Walgreens Boots Alliance. Walgreens' chart shows a seven-year decline, potentially continuing with its upcoming earnings.
Housing data is significant this week with the K Shiller S&P Composite 20 Home Price Index and HPI numbers on Tuesday, new home sales on Wednesday, and pending home sales on Thursday. These releases come amid falling 10-year bond yields, which may boost home affordability and impact home builder stocks.
The final GDP numbers are out Thursday morning, with expectations slightly above the previous 3.4%. The core PCE Price Index, crucial for the Fed’s inflation target, is released Friday. Expected at 0.1%, it could indicate falling inflation, affecting market volatility and Fed rate decisions.
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[@BigBriNoregrets]

AND A WAY WE GO
Happy Trading

[@bryanmiller9176]

A little deflation would be nice to see