Will Employment Data Rock Markets This Week? - MMMK 060324b

Last week's trading ended dramatically with the core PCE price index dropping to 0.2%, sparking hopes of Federal Reserve rate cuts. Despite this, the S&P and NASDAQ saw volatile movements, ultimately closing with significant rallies on Friday.
This week, 428 companies report earnings, including CrowdStrike and HP on Tuesday, and Lululemon, Dollar Tree, Campbell Soup, and GameStop on Wednesday. GameStop may experience volatility due to renewed interest in meme stocks spurred by Roaring Kitty.
Key events include potential rate cuts by the Bank of Canada on Wednesday and the European Central Bank on Thursday. Both are expected to lower rates by 25 basis points, which could stimulate their respective economies.
In the US, focus will be on employment data, with reports starting Tuesday with the JOLTS job openings and culminating in Friday's unemployment rate, expected to remain at 3.9%.
Central bank announcements and employment data will likely drive market volatility this week.
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[@BigBriNoregrets]

Throw some Crypto into the mix 😉
Happy Trading

[@tradingacademy]

I like that

[@jimhoffman8548]

I don't own any crypto, but I wouldn't mind hearing more about it. I've never understood how you own crypto if you buy it from someone else. Isn't it the same as buying a gift card from someone who knows both the card number and the pin. Couldn't they keep selling it to different people? What do you actually own? A string of numbers?

[@tradingacademy]

It is definitely a complex topic. With regards to ownership, you would own what is at a particular address on a blockchain. Think of it like a massive locker room, and you own what is in the locker. Could be Bitcoin, NFT's, Ethereum or a wide variety of other things