Just saw this week’s macro calendar and damn… it’s a spicy one 😅
Tuesday’s S&P Global PMI is gonna set the tone early. I’m personally hoping we see some resilience in services again. Manufacturing has been meh lately.
Wednesday New Home Sales — housing still refusing to die completely? I sold my last position too early last month, still annoyed about it.
But Thursday… Thursday is the big one boys. PCE + Q1 GDP dropping same day? My portfolio is gonna be sweating. If PCE comes in hot again I’m expecting the dollar to rip and equities to catch a bid on “Fed might pause” hopium. If it cools off nicely, we might actually get a proper relief rally.
Friday Michigan Sentiment and Inflation Expectations will be the cherry on top. If consumers are getting more pessimistic AND their inflation expectations keep rising, that’s not great for the soft landing narrative.
Anyone positioning ahead or just sitting on hands this week? I’ve got some hedges on but feeling exposed ngl.
$MUB
$NVDAB
$SNDKB
Tuesday’s S&P Global PMI is gonna set the tone early. I’m personally hoping we see some resilience in services again. Manufacturing has been meh lately.
Wednesday New Home Sales — housing still refusing to die completely? I sold my last position too early last month, still annoyed about it.
But Thursday… Thursday is the big one boys. PCE + Q1 GDP dropping same day? My portfolio is gonna be sweating. If PCE comes in hot again I’m expecting the dollar to rip and equities to catch a bid on “Fed might pause” hopium. If it cools off nicely, we might actually get a proper relief rally.
Friday Michigan Sentiment and Inflation Expectations will be the cherry on top. If consumers are getting more pessimistic AND their inflation expectations keep rising, that’s not great for the soft landing narrative.
Anyone positioning ahead or just sitting on hands this week? I’ve got some hedges on but feeling exposed ngl.
$MUB
$NVDAB
$SNDKB