The Most Important 3 Things To Watch In Markets:
1- U.S. Inflation Data:
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, is set to be released on Friday. However, recent PCE readings have not aligned with expectations. Unlike the Federal Reserve, markets are still holding onto the expectation of two rate cuts this year.
2- Rising Technology Stocks:
Many investors believe that the long-term outlook for technology stocks is strong, given their robust earnings. But the massive price gains, including Nvidia’s (NASDAQ: NVDA) 155% rise year-to-date, have sparked concerns that the tech rally may be over. However, even if there is a pullback, there are few signs that investors will abandon tech and growth stocks for long.
3- Oil Prices:
Oil prices fell by about one percent last Friday amid concerns that global oil demand growth could be affected by the strength of the U.S. dollar and negative economic news from some parts of the world, after having risen about 4% the previous week. In the coming week, oil prices are also likely to remain supported by increasing geopolitical risks.
