Last week we talked about options expiration and stock market performance. Let’s close out that conversation, next!
In last week’s video, we discussed how the week following options expiration, and this is just looking at 2021 data, has proven to be a positive one for the S&P 500 and that trend continued in August with the S&P finishing the week up 1.54%.
For the week ahead, we get a good amount of economic data, but the main data point will be the employment report released on Friday. Federal Reserve Chair Jay Powell stated this past Friday that he does expect the tapering of the bond-buying program to begin before year-end, but that interest rate hikes are still a ways away as there continues to be much ground to cover in reaching maximum employment. Therefore, don’t be surprised if the market forecasts for Fed policy is driven by these upcoming employment reports.
For a more detailed market report head on over to our Insights page. Where there are some of the key economic data points to be released this week. Also, subscribe to our YouTube channel and check out some of our other social media pages.
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Let’s close out last week’s conversation