Despite being short, the week ahead will be a busy one for economic data. After investors are done digesting the news from the weekend’s G-20 summit meeting between President Trump and President Xi Jinping, they will get data on the manufacturing sector, which I am expecting to remain soft, based on the soft regional indexes we have been receiving. The second half of the week is highlighted by the labor market. In order for consumers to maintain their willingness to spend, resulting in the continued economic expansion, that labor market must remain strong, as it is the underpinning of the current expansion.
Finally, have a safe and fun Independence Day!
Read more from Ryan Nauman's Weekly Recap and subscribe to have it delivered to your inbox each week!