Upcoming Major Events in the US Stock Market: A Weekly Overview

Hello everyone! We are When2Buy, writing to you from the heart of Silicon Valley, USA. We have compiled a list of significant events happening in the US financial world next week. We hope this helps you stay informed! 🚀

🔹 Monday, May 19

• Macro Event: Atlanta Fed President Bostic will deliver a speech on the resilience of the labor market.
• Credit Rating News: Moody’s will publish its assessment regarding the possibility of downgrading the US credit rating.
• Market Discussion: New York Fed President Williams is set to attend an economic policy roundtable.

🔹 Tuesday, May 20

• Macro Event: Fed Chair Barkin and Daly will discuss inflation expectations at an economic forum.
• Oil Contracts: WTI crude oil June contracts will expire, revealing the potential impact of OPEC+ production cuts.
• Industry Data: Release of the US April industrial capacity utilization rate (Forecast: 78.3%).

🔹 Thursday, May 22

• Macro Data: 8:30 a.m. – Initial jobless claims for the previous week (Forecast: 225,000).
• Real Estate Data: 10:00 a.m. (Beijing Time 22:00) – April existing home sales report (Forecast: a 2.3% year-over-year decline).
• Fed Minutes Release: The Federal Reserve will publish minutes, which the market will analyze for insights into officials’ differences regarding interest rate trajectories.

🔹 Friday, May 23

• Housing Market Data: 10:00 a.m. (Beijing Time 22:00) – April new home sales report (Market expectation: an annualized rate of 615,000).
• Durable Goods Data: Release of durable goods orders data (Forecast: month-on-month increase of 0.7%).
• Holiday Reminder: The US will observe Memorial Day on Monday, May 27, leading to market closures.

Weekly Highlights

• Tech Events: Keep an eye on major technology conferences including COMPUTEX, Microsoft Build, and Google I/O. These events will provide vital insights into AI chips, large models, and cloud computing trends.
• Retail Earnings Reports: Reports from retail giants like Home Depot, Target, Lowe’s, TJX, and Ross Stores will reflect consumer spending health.
• Fed Officials’ Statements: Several Fed officials will express their views on inflation and interest rate policies, with June rate cuts being a focal point.
• Real Estate Market Insights: Stay tuned for existing home and new home sales data, revealing the extent of the interest rate cycle’s impact on the housing market.
• Oil Contract Expirations: The expiry of WTI crude oil’s June contract may cause fluctuations in energy stocks, with close attention needed on OPEC+ production cuts.

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