Labor Market, PMIs, and Powell
4th of July Week
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Last Week: Closed some IWM 1DTE for 150%
Still a tough start to the $1k challenge. The balance ended at $660 close Friday. A swing trade is in motion.
Relevant Topics, News, and Data:
PMI Monday
Powell Speaks Tuesday
JOLTs Tuesday
ADP NFP
Non-manf PMI Wednesday
FOMC minutes Wednesday
Markets closed Thursday
NFP / Unemployment Friday
I am not sure how much Powell will really speak Tuesday as it’s the ECB forum but should move the markets intraday.
Here comes the first week of Q3 and the second half of the year. Rate sensitive data this week with labor market data that is forecasted to come inline for unemployment and weak NFP. On the flip side, PMIs all projected to come in higher except ISM non-manufacturing PMI on Wednesday. Stable economic data with a slowing labor market.