After last week’s shortened trading session, the first full week of June is about to kick off. But it might as well be another vacation week for investors: both data and earnings will be on the light side.
In terms economic measures, the first full week of June will see mostly employment measures, as well as a few critical pieces of consumer data. All in all, these pieces of data should match what we have already been seeing in the previous week’s data releases.
In terms of earnings, investors get a real break. The so-called earnings season is officially done for a few weeks. As a result, the number of firms still reporting has become just a trickle, which is a far cry from just a few weeks ago.
The real wild card this week will be the Federal Reserve. Chairperson Janet Yellen will be giving several talks during the week, which could be enough to throw off any good vibes the market has when they digest her comments.
