This is fine meme

We're wrapping up the seventh straight week of declines in the S&P 500 as the recession fears mount. The market will be looking to the Fed and economic data in the week ahead for some sign of life.

But economic data is a lagging indicator so we might be looking at months of malaise before we get a glimpse of the other side. So let's take it a day at a time.


  • Fed's Bostic
  • Fed's George
  • Holiday in Canada


  • New home sales
  • Richmond Fed
  • Philly Fed non-manufacturing
  • US 2-year auction


  • Durable goods
  • Weekly US oil inventories
  • 5-year auction
  • FOMC minutes


  • US Q1 GDP (second look)
  • Initial jobless claims
  • Pending home sales


  • PCE inflation
  • Advance goods trade balance
  • UMich final sentiment

That PCE report on Friday will be a big one but note that next Monday (May 30th) is a holiday, so trading might wrap up early Friday.