Bob Iaccino with Path Trading Partners discusses the trading week ahead starting June 8. Despite some intraday volatility the previous week, risk assets and gold finished positively. The yield curve flattened, with front-end yields rising by double digits and long-end yields increasing only slightly. The Consumer Price Index (CPI) is due out on June 11, and the market expects stronger numbers both monthly and annually compared to the previous month. If core and headline CPI show upside surprises, it could signal that inflationary pressures are more persistent than hoped. The market's reaction to this information will be closely watched, especially after the strong nonfarm payroll wages. The coming week includes a 3-year note auction, a 10-year note auction, and a 30-year bond auction, totaling $125 billion in issuance. Earnings reports will be relatively quiet, with only 14 companies with market caps over a billion reporting, including Oracle, Adobe, Salesforce, GitLab, Casey's General Stores, JM Smucker, and GameStop.
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#stockmarket #futures #economy
Learn More: https://www.cmegroup.com/activetrader.html
Subscribe:
https://www.youtube.com/subscription_center?add_user=cmegroup