Coach Mark here.

The last couple of weeks have been light on economic data to come into the market. While Jay Powell has not been able to see the “stag” or the “flation,” stagflation has been a topic that has started to enter the lexicon of traders and investors. The next two weeks we get plenty of data on both fronts.

This week the data is dominated by unemployment data. We get unemployment data each day starting on Tuesday cumulating with the widely watched monthly Nonfarm payrolls unemployment report on Friday. Last month, this report was a win for the bulls with wage growth moderating and the total jobs added missing. The alleviated pressure on yields at the time. We shall see if another “goldilocks” type report showing growth, but not too strong of growth, is in store.

We also get economic data on Monday and Wednesday on the health of the manufacturing and services areas of the economy. An interesting note on the data release is that it occurs after the market is open which traders should take note of. As we saw with the PMI numbers from two weeks ago, data that is released after the bell can impact new entry signals.

Next week we get inflationary data in the CPI and PPI reports and a Fed meeting as well! We have a lot of trading to do before those events so be sure to check out this weekend’s Tackle Trading Newsletter for pro members or the Trading Justice podcast for more analysis. You can watch the podcast here.

Have a fantastic Monday!

Chart of the Day: S&P 500 Futures (/ES)

That was quite a surge on Friday on the S&P 500 in the final hours! Overnight the S&P 500 trading in a very tight trading range as we head into the market open creating straight forward signals for those looking to key off this ranges for their first round of trades for the week. Just watch that economic data coming in after the bell!

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