To The Moon

Public Holidays

Hong Kong, Singapore, and China do not have any public holidays in the coming week.

The United States celebrates Labor Day on 2nd Sep 2024.

Here is wishing all Americans a well-deserving Labor Day holiday.

Economic Calendar (02Sep24)

Notable Highlights

• S&P global US manufacturing PMI will be announced alongside ISM manufacturing PMI and ISM non-manufacturing PMI in the coming week. From the forecast, the manufacturing sector seems to be contracting. The services sector is expected to continue its growth.

• ISM manufacturing prices and ISM non-manufacturing prices will be an important prequel to inflation. If the prices increase for both manufacturing and services, the cost will likely be passed on to the consumers in the coming weeks or months.

• JOLTs job openings will be updated in the coming week. This is an important reference for the Fed as they seek to balance inflation, interest rate and unemployment. Other important payroll & unemployment-related data will include the ADP Nonfarm employment change, average hourly earnings, nonfarm payrolls and the unemployment rate. These are important data for the Federal Reserve before they announce the changes in interest rates.

• Initial jobless claims will also be key macro data that the Federal Reserve will look into as they ponder the next interest rate decision.

• Crude Oil Inventories can be seen as forward indicators of market demand and consumption. If the trend of excess inventories continues, demand erosion can lead to reduced production & weakening consumer spending.

@TigerStars

$S&P 500(.SPX)$