August unemployment rate expected
Today there will be updates on the unemployment rate and average hourly earnings. What's more, the final Markit services PMI is due, alongside the ISM services index and nonfarm payrolls.
In case you missed it, Schaeffer's Senior VP, Todd Salamone, was the featured guest on the latest episode of Schaeffer's Market Mashup podcast! Salamone made his podcast debut to talk about his SQ June call that scored subscribers a 100% profit in under two months. Todd discusses the various trade drivers he saw (6:01), how he chooses indicators (15:50), what to watch for in the broader tech space (23:27), and some musings on his trade management style (26:21).
Looking ahead to next week, the first full week of September is set to be a quiet one in terms of economic data. The agenda for Monday and Tuesday are completely bare, with U.S. market's closed on Monday as Wall Street observes Labor Day. Things pick up slightly on Wednesday, as some jobs data is due out, though investors are sure to be more keen on Thursday's initial and continuing jobless claims data. Friday sees the week close on a muted note, with August's producer price index (PPI) data slated for release.
On the other hand, there's still a decent amount of corporate reports for investors to mull over. Next week's earnings docket includes reports from Casey's General (CASY), Dave & Buster's (PLAY), GameStop (GME), Kroger (KR), Lululemon Athletica (LULU), Oracle (ORCL), Zscaler (ZS), and Zumiez (ZUMZ).
This is another reminder that next week will be a short week as the U.S. stock market will be closed on Monday, September 6, in observance of Labor Day in the United States. The Schaeffer's Investment Research office will also be closed in observance of the holiday on Monday. Normal trading and office hours will resume on Tuesday, September 7.
All economic dates listed here are tentative and subject to change.