Market Highs and Economic Lows: Weekly Market Updates 5.26.2024

Welcome to GhosTrades Weekly Market Updates, the podcast that keeps you informed on the latest in the trading world. Today, 5.26.2024, we explore the paradox of record-breaking market highs amid financial struggles for many Americans. With inflation soaring due to the Fed's money printing, we ask the critical question: will the Fed raise rates?

Stay tuned for crucial political developments, including Trump's trial and its potential market implications. We'll break down the key speeches from Fed officials on Monday and Tuesday, with the FOMC's big reveal on this upcoming Wednesday. The US Manufacturing and Services PMI numbers are up, and new home sales data is in, providing insight into the economy's health.

This past Friday there was an update on the Durable Goods Orders and Consumer Sentiment numbers. Remember, the markets are closed for Memorial Day, so enjoy the holiday. But come Tuesday, brace yourself for a flurry of activity: the Fed President speaks and we go more in-depth on that and by Wednesday, the FOMC reveals more economic indicators.

Thursday brings GDP more numbers that can affect the market - listen now to learn more about that, while Friday is packed with more personal financial updates that could affect the market. We'll also review last week's earnings, including AutoZone, Lowe's, Target, TJMaxx, and Nvidia, with Nvidia's exciting 10-for-1 stock split.

Don't miss our updates on Gold and Silver, with a focus on mining companies. And remember, in trading, the trend is your friend, and it's essential to trade based on probability, not possibility. Leave emotions out of your trades and stay strategic.

Join us for "Market Highs and Economic Lows" to stay ahead of the curve and make informed trading decisions. And as always, celebrate this Memorial Day!