Investors Eye Federal Reserve Symposium, High Treasury Yields, and Inflation Fears

Next week, investors will aim to regroup following the third consecutive week of S&P 500 Index and Nasdaq Composite Index declines. This downturn has been triggered by growing concerns about heightened Treasury yields and inflation, happening right before the Federal Reserve’s Jackson Hole symposium. Investors are keenly awaiting the symposium and a speech by Jerome Powell.

Anticipations From the Federal Reserve Symposium

According to Gary Gambino, a Seeking Alpha analyst, readers should not anticipate any major revelations from the conference. He predicted, “The Fed will probably restate its intent to maintain elevated interest rates for a protracted period to prevent a resurgence of inflation.”

Important Data and Reports to Analyze

At the start of the week, several data points will become available for economists to examine, including global flash PMI prints, U.S. durable goods orders, and European sentiment indicators. Additionally, on the earnings front, the reports from Nvidia (NVDA), DICK’S Sporting Goods (DKS), and Snowflake (SNOW) will be under careful scrutiny.

Upcoming Union Actions

On labor issues, the United Auto Workers union is planning a vote next week to authorize their leaders to instigate strikes against Detroit automakers such as Stellantis (STLA), Ford (F), and General Motors Company (GM). In a recent statement, Union President Shawn Fain stated that discussions are progressing slowly, with wage and other economic topics yet to be addressed.

Projected Market Movements

Traders might also witness the completion of the AMC Entertainment (NYSE:AMC) 1-for-10 reverse stock split and subsequent APE (NYSE:APE) unit conversion, another noteworthy development for the coming week.