After an active start to the month, the second full week of August could see more tepid trading activity. A dearth of economic data following last Friday’s nonfarm payrolls report will keep investors fixated on politics and the future of U.S. monetary policy.
Corporate earnings continue this week, but a lack of star power could result in muted reaction on Wall Street.
A pair of Federal Reserve speakers will also draw headlines on Monday and Friday, with Neel Kashkari of Minneapolis scheduled to speak on both days.
Nonfarm payrolls headlined the economic calendar last week. To compare this week’s Market Glance with the July 31 edition, click here.
The Federal Reserve kicks off the week with the Labor Market Conditions Index, which is an experimental indicator used to evaluate the performance of the jobs market. The report is meant to be viewed in conjunction with nonfarm payrolls data, which generate significantly more volatility in the market.