Everything happening in the market this week (Monday May 4)
The market is coming off another big week, but things might get a little bumpy starting Monday, May 11. Here are the 5 things you need to know:
- The Inflation Boss Battle (CPI): Tuesday is the big day. We get the Consumer Price Index (CPI) report, which shows whether prices are still going up. If inflation looks high, everyone will worry the Fed is going to keep interest rates "higher for longer," which usually is bad for stocks.
- Middle East Drama: Over the weekend, things got tense again with Iran and the U.S. regarding the Strait of Hormuz. Because of that, oil prices are spiking, and stock futures are already looking a little red for Monday morning.
- Are We Still Spending? (Retail Sales): On Thursday, we find out if people are still buying things. If Retail Sales are strong, it means the economy is tough, but if they're weak, people might start whispering about a recession again.
- Cisco & Tech Earnings: Most of the "big" tech names are done, but Cisco (CSCO) reports on Wednesday. Since everyone is obsessed with AI right now, investors are watching closely.
- Walmart & Deere: Later in the week, we get reports from the kings of retail (Walmart) and tractors (Deere). This will tell us if regular families and farmers are feeling good about their money.
It’s probably gonna be a wild week!