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Q3 Kicks Off With a Short Trading Week
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Our View
There are a few things to watch for, but largely, it’s expected to be a pretty quiet trading week.
That’s as there are just three full trading days this week as we kick off both the start of July and the start of Q3. Markets will be closed for July 4th on Thursday and equity markets will close early at 1 p.m. ET on Wednesday.
For many traders, that will have them taking off Friday too — and the low volumes we’ve seen over the past two months help support that idea as well.
Despite a short trading week and likely low volumes, this week features a few key economic reports. Aside from a few Fed speakers in the lineup this week, we have ISM data today, European CPI and the JOLTs report tomorrow, the Fed Minutes on Wednesday afternoon — after the market close by the way — and the monthly jobs report on Friday.