Economic Indicators to Watch: Impact on Markets This Week (E102)

SPY trading at 677 with the potential of finding support at 670, which could be a critical juncture for traders to watch closely. BTC, on the other hand, is trading at an impressive 90k, showcasing the diverse and rapid movements often seen in cryptocurrency markets. So much volatility is expected on the horizon, which could lead to significant trading opportunities or losses, depending on how market participants react. This week, make sure you are on the lookout for key economic indicators such as GDP, which will provide insight into economic growth, initial jobless claims that reflect the job market’s health, and the CORE PCE price index that measures inflation trends. Additionally, the S&P Global Services PMI will offer context about the services sector, which is vital to the economy. Also, be cautious in your trades as President Trump is set to have a speech on Wednesday, where he will delve into topics that could greatly impact market sentiment, including his insights on Greenland and potential tariffs that might arise. In the real estate sector, not much has changed concerning interest rates; however, some innovative programs are coming online that could benefit potential buyers. The California Dream for All initiative is making a return, with applications being accepted starting February 24, providing a fantastic opportunity for those looking to enter the housing market. Be sure to take a closer look at this program to see if you qualify, or feel free to send a message if you want more detailed information or assistance regarding your eligibility and the application process.