Stock Market Update Monday August 12, 2024

Stock Market Update Monday August 12, 2024 The financial markets may be dominated by the geopolitical landscape due to escalating tensions with Iran, which pose a significant risk to market sentiment. The potential for an imminent attack from Iran has prompted a heightened sense of caution among investors, with equities poised to enter a 'risk-off' phase if an attack materializes.

On the macroeconomic front, all eyes will be on the upcoming release of the July Core CPI report, scheduled for Wednesday, August 12, at 08:30 AM Eastern Time. The consensus forecast anticipates a modest month-over-month increase of 0.19%. This follows a series of subdued inflation readings in the preceding months. A July CPI outcome in line with expectations would further reinforce the narrative of cooling inflation. A benign inflation print this week could serve as a pivotal fundamental catalyst, bolstering the case for the Fed to contemplate a rate-cutting cycle. Furthermore, we believe that the Fed may be on the cusp of transitioning from its rigid 'data dependence' approach to a more 'forward-looking' stance. Our team of professional traders do not predict markets we prepare for the next move.

⚡️Get Started https://www.algotradealert.com/get-started Free Trial 🔐Premium Membership➕📉Stock Market Update Daily News Letter+ 📈➕AlgoTradeAlert Momentum Indicator➕Futures SPY ETF ES NQ Live Day Trading➕Discord