A steady stream of economic data will make headlines this week, with reports on housing and durable goods orders expected to capture most of the attention. At the same time, investors are counting down to the end of second-quarter earnings season and looking ahead to post–Labor Day action.
The end of August also coincides with the annual Jackson Hole Symposium in Wyoming. The event, which is hosted by the Federal Reserve Bank of Kansas, features central bankers, policymakers and economists from around the world. This year’s theme is “Fostering a Dynamic Global Economy.”
The adage of “sell in May and walk away” certainly hasn’t applied to the summer season, as Wall Street maintained its record-setting pace through August. However, the escalation of geopolitical risks on the Korean peninsula have put investors on high alert, with stock prices reflecting growing unease about a violent East-West confrontation.
Federal Reserve minutes and Dow blue-chip earnings headlined last week’s edition of The Market Glance. To compare this week’s report with the previous edition, click here.