To The Moon

Economic Calendar Economic Calendar for week starting 26Sep22 Some interesting updates for the coming week: There will be more updates from the Fed and this is important for the market to understand the coming steps that the Fed plans to take. While we are still a distance away from the 3rd Nov 2022 interest rate announcement, we can expect the Fed to remain hawkish in its attempt to tame the inflation beast. CB Consumer Confidence (Sep) - this will be an important outlook of how the consumers view the market. Typically bearish sentiment will imply a reduction in spending in the coming weeks. Home sales (new and pending) will reveal the health of the "overheated" property market as rising mortgages continue to strain American families. Crude Oil Inventories are always a forward indicator of how the oil producers view the potential demand for consumption. Oil is a key component of any economy. Though there is a strong push toward green energy, the market still needs to find affordable and reliable substitutes for oil and its product family of tar, bitumen, grease, plastic and more. There will also be an update of the Q2 GDP that will illustrate the health of the economy The initial Jobless claims will be an important consideration for the Fed as they balance between inflation and unemployment. China's manufacturing PMI will be an important indicator of global demand as China is the world's factory for most products that we use and consume. With the above, we can get a better grasp of the coming market developments. These are important data points and cumulatively provide a good macro feel of the market. There are not many companies that are able to move "against" the general market trend. As the focus shift to macro, it is needful to understand some of the price movements are due to external factors and not necessarily the business fundamentals of the individual companies. As a part of the market and the economy, such factors do lead to volatility. @TigerStars