TWO BIG data will soon be released this week,How much can NASDAQ go up?
With two big data coming out this week and a number of importantofficials‘ speak , it is hard to say that the market volatility will stop.
Two heavy data announcementsWednesday
21:30 US December CPI (market expectation: 6.80%; Previous value: 7.10%)
U.S. inflation will hit a staggering 7.1 pc in December, the fastest pace in 40 years, according to Wall Street economists, while another Wall Street report will show prices paid to producers have soared by nearly 10 pc in 2021.
At present, Wall Street has formed a consensus expectation-raising interest rates in March. However, if the inflation data exceeds market expectations, the market may raise the expectation that the Federal Reserve will raise interest rates four times next year from Wednesday.
Friday
21:30 US retail sales for December (market forecast: 0.30%; Previous value: 0.30%)
Although this data is known as "horror data", it is not horrible when compared with other events of the week. From the market expectation value, it is the same as the previous value, and the impact of this data on the market may be limited unless the actual data deviates greatly from the forecast.
Second, Fed officials speak
There has been a lot of talk from Fed officials this week
Let's sort it out together:
Tuesday
01:00 Bostic, FOMC Voting Committee and Atlanta Federal Reserve Chairman in 2024, delivered a speech on the economic prospects of the United States.
22:12 Meister, FOMC Voting Committee and Cleveland Fed Chairman in 2022, was interviewed by Bloomberg TV.
22:30 In 2022, FOMC Voting Committee and Kansas Fed Chairman George delivered a speech on US economic and monetary policy.
At 23:00, the Senate Banking Committee held a hearing on nominating Powell for re-election as chairman of the Federal Reserve.
Wednesday
05:00 In 2022, FOMC Voting Committee and St. Louis Fed Chairman Brad delivered a speech on US economic and monetary policy
Thursday
21:00 In 2023, FOMC Voting Committee and Philadelphia Fed Chairman Huck delivered a speech
Friday
01:00 In 2024, FOMC Voting Committee and Richmond Fed Chairman Baldin delivered a speech on the economic prospects of the United States.
02:00 Evans, FOMC Voting Committee and Chicago Fed Chairman in 2023, delivered a speech on US economic and monetary policy.
But Tuesday is the most crucial day, because the officials' remarks will come before the CPI data is released on Wednesday, and anything that has not been heard before will have a deep impact on the market.
What we need to pay most attention to is the speech of Federal Reserve Chairman Powell, when he will testify on the nomination for a second four-year term.
What kind of pressure will the voice of the Federal Reserve this week and the latest CPI data bring to the US stock market? On Thursday, we invited Kou Jian, a former fund manager with many years of trading experience, to give us a detailed explanation of the trend of US stocks and crude oil after the expected reduction.
Offer a reward,
What do you see as the final weekly closing price of the Nasdaq contract this week? Give your reasons? Let's talk together?
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