Forecast
Stock Market’s Fate Comes Down to the Next 13 Trading Sessions
- Powell remarks, jobs and CPI updates and FOMC decision on tap
- Forward implied volatility on payrolls data underpriced: Citi
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Four major events over the next 13 trading sessions will be the key catalysts in determining whether this year’s stock-market revival gets derailed or starts rolling again after a February slump.
It all begins Tuesday, when Federal Reserve Chair Jerome Powell delivers his two-day biannual monetary policy testimony on Capitol Hill. With the S&P 500 Index coming off its best week in a month, investors will be searching for any hint on the central bank’s interest-rate hiking path.