Will the Core PC Price Index Signal Trouble? - MMMK 042224

This week's trading focus is on major indexes like S&P, NASDAQ, Russell, and Dow, which showed weakness last week, possibly bouncing back.
Earnings season is in full swing, with 943 companies reporting, including big names like Verizon, Tesla, Microsoft, and Google.
Global events, such as manufacturing data across Europe and the U.S., are noteworthy.
Thursday brings advanced GDP figures for the U.S., with expectations at 2.5% against the current 3.4%.
Friday's U.S. inflation data, specifically the core PCE price index, will be crucial, especially considering recent CPI numbers indicating inflationary pressure.
If the core PCE index deviates from expectations (0.3%), it could significantly impact the market, potentially leading to downside movement.
With so much happening, traders should exercise caution and monitor developments closely.
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[@bryanmiller9176]

Thank you very much! Love the MMMK's.

[@tradingacademy]

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