The week ahead is full of attention-grabbing economic data releases and marks the begging of the Q2 earnings season. The headliner will be retail sales which experienced a historic increase last month and will be a driver of market performance next week. Retail sales could surprise again on the upside considering businesses continued to reopen and consumers were itching to escape being quarantined.
Furthermore, earnings season kicks off with big name banks, Netflix, Delta Airlines, and Johnson & Johnson reporting. This cycle is full of uncertainty as a record number of corporations of withdrawn forward guidance, while better-than-expected economic data are sure to add some surprises to this cycle.
Read more from Ryan Nauman's Weekly Recap: COVID-19 Market Edition and subscribe to have it delivered to your inbox each week!