The calendar is heating up this month, and just because it is summertime doesn’t mean the market stops either. This week kicks off earnings, and we get some key inflation data at the end of the week as well.
The earnings kick-off with JP Morgan (JPM), Citigroup (C), PNC Financial (PNC), and Wells Fargo (WFC) all reporting on Friday.
Estimates Provided By YCharts
One reason we care about the Banks is they caught a bid in recent weeks as rates on the long-end of the curve have started creeping up. We want to see that higher momentum continue and see what kind of commentary they give us on the state of the overall economy.
As for the inflation side of the equation, that data comes at the end of the week with PPI Thursday, July 13, and CPI on Friday, July 14. As if that wasn’t enough, we get to see retail sales and Industrial Production too.
Of course, if you want to know where PPI and CPI are going just follow oil.
Which way you do you think CPI and PPI will be this month? My guess, lower than last month.
Enjoy your week.
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