Each day I scan and synthesize market-moving news. I look at macro themes, currency moves and global economic indicators that support or challenge my thinking on the Big Picture and help me take the mood of the market. I like to assemble these data points so I can turn them into operational trade ideas for my clients in my Live Trading Room. Some may even make it into my Brokerage-Triggered, Trade Alerts!

You are getting this Free Bait (Daily Market Thoughts) as part of LaDucTrading’s Free Fishing Lessons! Take the next step: Come Fish With Me.


12 Macro Catalysts Over The Coming Weeks

The following is a note by JPM, courtesy @themarketear :

1) FOMC meeting (inc. new dot plot and eco forecasts) on Wed June 19–the Fed is expected to set the stage for a rate cut at the 7/31 meeting

2) EU Leader’s Summit June 20-21–Draghi’s successor could be announced at this event

3) flash PMIs for June out Fri morning 6/21 (investors will be watching closely to see if the recent growth headwinds grew more pronounced in the month of June)

4) OPEC meeting (scheduled for June 25-26 but media reports suggest this could be moved to early Jul)–the big topic of discussion at this event if whether the OPEC+ coalition of countries will extend the production cuts into H2 (the recent slump in oil suggests the cuts will be sustained)

5) Democratic debate June 26-27–the first debate of the Democratic primary campaign will happen in late June over the course of two days (due to the number of candidates); investors will be watching to see if Biden can sustain his lead exiting this event

6) US bank capital return announcements –US banks will announce their dividend/buyback plans AMC on Thurs 6/27;

7) G20 Leader’s Summit June 28-29 in Japan–this is the next time Trump and Xi are scheduled to meet (media reports suggest Trump and Xi could have dinner 6/29)

8) US jobs reports for Jun(ADP Wed 7/3 and Fri 7/5) –investors will be watching very closely to see if jobs rebound from the soft May trend

9) China Q2 GDP(and IP, retail sales, and FAI for June) –Mon morning 7/15

10) CQ2 earnings–banks kick off the CQ2 earnings season on Mon 7/15

11) US GDPfor Q2 will hit Fri 7/26

12) FOMC meeting 7/31–the Fed is expected to cut rates at this meeting