Markets Brace for Busy Week: Strait of Hormuz, CPI, PPI, Retail Sales
A highly eventful week is ahead as markets react to the Strait of Hormuz closure, key inflation data releases, retail sales, and a wave of S&P 500 earnings reports.
SPX
This week is packed with major macro events, including:
- Strait of Hormuz closure reaction (today, 6 PM ET)
- June CPI inflation data (Tuesday)
- June PPI inflation data (Wednesday)
- June Retail Sales data (Thursday)
- July Philly Fed Manufacturing Index (Thursday)
- July MI Inflation Expectations (Friday)
- July MI Consumer Sentiment (Friday)
- ~10% of S&P 500 companies report earnings
Traders should monitor these releases closely as they could drive short-term volatility across asset classes.
Source: The Kobeissi Letter