Last week, the US markets were seen reaching new historical highs almost every day, and there was a very enthusiastic atmosphere in the markets.
While asset management companies’ increasing optimism about US stocks is drawing attention, there are warnings that this excitement could lead to overly concentrated positions and cause sharp fluctuations, especially in the event of a negative development. The most important of these risks is Donald Trump’s customs tax review process, which will end on July 9.
Next week, markets are expected to have a quieter data calendar, but markets will be closely monitoring the Fed’s monetary policy meeting minutes, FOMC members’ speeches and Trump’s steps regarding tariffs.
Here are the key macroeconomic developments for the coming week (Türkiye time / TSI):
- Tuesday, 18:00: US New York FED’s 1-year inflation expectation for June will be announced.
- Wednesday, 04:30: China’s annual CPI data for June will be released.
- Wednesday, 9:00 p.m.: The Fed will release the minutes of its last monetary policy meeting.
- Thursday, 15:30: Initial unemployment benefit applications for the week ending July 5 will be announced.
- Thursday, 4:00 p.m.: St. Louis Fed President Moussalem, who has 2025 FOMC voting rights, will speak on the U.S. economy and monetary policy.
- Thursday, 21:30: San Francisco Fed President Mary Daly, who is a member of the 2027 FOMC, will evaluate the outlook for the US economy.
*This is not investment advice.