Advisor Group chief market strategist Phil Blancato and Eva Agi of Gerber Kawasaki Wealth & Investment Management weigh in on earnings, consumers and the markets.
The upcoming week will be jam-packed with earnings from big consumer names along with two key reports on the job market as well as the Federal Reserve’s decision on interest rates and further guidance on a “gradual tapering process” of the agency’s bond-buying program mentioned in the September meeting’s minutes.
NOVEMBER BEGINS BEST 3-MONTHS FOR STOCKS
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This as the markets begin the month of November in record territory after shaking off losses from Apple and Amazon’s disappointing earnings reports.
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Taking the spotlight for earnings on Monday will be PG&E before the market open and Clorox after the bell.
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As for economic data, investors will be watching car sales, construction spending, and the Institute of Supply Management’s manufacturing PMI.
President Joe Biden holds his face mask and waves as he exits Air Force One at Capital Region International Airport, Tuesday, Oct. 5, 2021, in Lansing, Mich. (AP Photo/Evan Vucci) (AP Photo/Evan Vucci / AP Newsroom)
In the world of politics, President Biden will head to Glasglow, Scotland to attend the World Leader Summit kicking off the COP26 climate change gathering. Former President Barack Obama is also expected to be in attendance and deliver remarks. Meanwhile, in China, a new law designed to protect online user data privacy will take effect.
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