Hello everyone, a new week is starting, and after the Fed rate hike the market immediately gets another major trigger that will add volatility.

On Thursday, all eyes will be on Washington, where Trump and Xi Jinping will meet. On the table are tariffs—so to speak—restrictions on chips, AI, rare earth metals, and energy. The market isn’t expecting a big breakthrough yet, but even a hint of easing trade tensions could strongly support semiconductors, Chinese stocks, and major American business.

We’re looking at the macro picture in parallel. On Wednesday, the PMI for September will be released—it's important whether the oil road has started to pressure prices more strongly. On Friday—durable goods orders and the final data on consumer sentiment, which lately has been looking frankly weak.

On Thursday, Costco will also report. And it’s interesting not just the numbers (more precisely, I’m not interested in them at all since I don’t hold COST in my portfolio), but rather what the company says about the behavior of the American buyer amid high rates and expensive fuel. Because the speeches of other companies’ CEOs that talk about the US consumer…

And the Fed doesn’t disappear from our investment radar—this week there will be plenty of speeches by its representatives. After the first rate hike, the market will be watching every hint about how many more hikes are still ahead.

So far the start of the week is positive, and oil keeps getting cheaper. After the last few weeks, the very fact that Brent is falling is almost like good macro data)

So the main intrigue for this week is whether the US and China will lower the temperature of their trade war while the market, in parallel, is trying to figure out what the Fed will do next and how much the American consumer is still holding up.

Mykyta Guppal | ProInvestments

#StockMarket #TrumpXi #USChina #Fed #PMI #Costco #OilPrices #NickHuppal