The week ahead: Biden 2022 Budget proposal, Case-Shiller Index, PCE deflator and the end of earnings season

Read the key events to monitor for the week which starts on May 24, 2021.  

The trading pattern of the past two weeks – particularly alongside cryptocurrency’s movements – suggests stocks could continue to be volatile in the week ahead.

Investors are watching the crypto roller-coaster and trying to gauge whether technology shares can gain traction after a rally attempt in the past week.

The Fed’s preferred inflation measure, the personal consumption expenditures price index, will be released Friday. That report could affect the market if the number is too high. Biden 2022 Budget proposal.

Earnings season is slowing down, but there are still some important companies, like Costco and NVIDIA, releasing reports.

 

 

WEEK AHEAD CALENDAR 

MondayMarket Holiday in Germany, Switzerland, Norway and Canada.
EarningsLordstown MotorsMonetary policy US: Atlanta Fed President Raphael Bostic, Kansas City Fed President Esther George

TuesdayEarningsNordstrom, Toll Brothers, Intuit, Agilent, Autozone, Cracker Barrel, Pershing Square Holdings, Urban Outfitters, ZscalerMacroUS: S&P/Case-Shiller home prices, FHFA home prices, New home sales, Conference Board Consumer confidence
EU: German GDP Q1, German Ifo Business Climate Index
Monetary Policy US: Fed Vice Chairman Randal Quarles at Senate Banking Committee

WednesdayEarningsNVIDIA, Snowflake, Bank of Montreal, Capri Holdings, Abercrombie and Fitch, Dick’s Sporting Goods, American Eagle Outfitters, Workday, Pure Storage, Designer BrandsMacroUS: Fed Vice Chairman Quarles

ThursdayEarningsBest Buy, Salesforce.com, Costco, Dell Technologies, Box, Ulta Beauty, VMWare, Autodesk, Lions Gate, Canadian Imperial Bank, Toronto Dominion, Burlington Stores, Dollar General, Dollar Tree, Royal Bank of Canada, Medtronic, Gap MacroUS: Initial jobless claims, Core Durable goods, Preliminary Real Q1 GDP, Pending home sales
EU: German GfK Consumer Climate Index
Japan: Tokyo Core Consumer Price Index (CPI).

FridayMacro US: Personal spending (PCE deflator), Advance indicators, Chicago PMI, Goods Trade Balance, Michigan Consumer Expectations, Retail Inventories Excluding Autos.
Biden releases his fiscal 2022 budget proposal.

Source: CNBC, Investopedia 

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