Monday's Market Minute: 5 Things To Watch

First, the focus continues to be on the potential for another stimulus bill. Over the weekend, President Trump said he wanted to help businesses and that he is ready to go, Nancy Pelosi said the 1.8 trillion dollar deal Democrats are being offered is grossly inadequate, and Neel Kashkari was clear we need more stimulus; he attributed the strong recovery we saw this spring to efforts on behalf of Congress to provide stimulus.

We also have earnings with big banks kicking off another few weeks of focus on quarterly results. But it’s not just banks and earnings: keep an eye on Apple Inc. AAPL, set to reveal the new iPhone, and Amazon.com, Inc. AMZN
into Prime Days.

Also economic data this week will be closely watched with inflation data on the calendar. Here in the U.S. we have CPI, PPI, Retail Sales, and Jobs data to keep an eye on. Don’t forget about the U.S. Dollar, which has started to roll over again the last week or so: oftentimes a weaker dollar is bullish for stocks. What’s a little odd is the dollar has been coming off as rates have firmed up.

Lastly, you should stay dialed in on Crude Oil; we have the IEA and OPEC monthly oil reports this week, both have potential to move markets. So no matter what you’re trading, it seems there’s potential to see some good market movement this week.

Photo by Roberto Júnior on Unsplash