Morning Juice – US Session Prep

Morning, Traders!
It is Friday the 16th of August, here are some things to look out for today.

Sentiment
A flurry of data demonstrating the American economy’s resilience has set US stocks on track for their best week of the year.

The latest readings, from inflation to jobless claims and retail sales, have reassured investors and fuelled hopes that the world’s largest economy is on track for a “Goldilocks” scenario of contained price pressures accompanied by robust growth.
The S&P 500 is up 3.7% this week, while the Nasdaq 100 is up more than 5%, the largest gains for both indexes since November.

Stock markets around the world have largely recovered from last week’s losses, when traders were concerned that the Federal Reserve would not cut interest rates quickly enough to ensure a soft landing for the US economy.

In Europe, the Stoxx 600 Index rose 0.3% on Friday, heading for its best week since May.
US equity futures were largely unchanged.

Docket
08:30 ET
US Housing Starts Number for July
Median Forecast: 1.333M | Prior: 1.353M | Range: 1.41M / 1.296M

10:00 ET
University of Michigan Survey August Prelim
Sentiment – Median Forecast: 66.9 | Prior: 66.4 | Range: 69 / 64
1-Year Inflation Expectations – Median Forecast: 2.9% | Prior: 2.9% | Range: 3% / 2.8%
5-Year Inflation Expectations – Median Forecast: 2.9% | Prior: 3% | Range: 3% / 2.9%

Speakers
13:25 ET
Fed’s Goolsbee participates in a fireside chat at the Angeles Investors’ Q3 Summit & Awards Event.
Paid registration, register here

Good luck!