Stocks are up nicely as we’re seeing some follow through from Friday’s strong trading action. Monday’s are typically a rotational day, especially after a big trading week.
It’s not a huge week for Federal Reserve data, but we do have several Fed speakers on deck — and these guys love to talk. The biggest report is Consumer Sentiment on Friday.
We also have another big week of earnings with Disney (DIS), Tyson (TSN), Datadog (DDOG), Rivian (RIVN), Uber (UBER), Airbnb (ABNB) and more on deck.
Go here to see the expected volatility for the most important companies!
Apple and its $110 billion buyback was the big catalyst late last week for both the market and the company. The nonfarm jobs report late last week also came in very weak, which gave the market a boost on renewed hopes that we’ll see a rate cut sooner than later.
The market is pricing in a fall rate cut now, with a quarter-point cut having about a 49% chance in September.
I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
Roger Scott
Roger Scott Trading
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