However, the big focus this Tuesday is on the Fed. Jay Powell will give a testimony at 8:45 a.m. ET. This comes just after a stronger-than-expected jobs report raised questions about the central bank’s rate policy.

Traders have priced in a 100% probability of a Fed rate cut in July, according to the CME Group’s FedWatch tool. However, expectations for a more aggressive cut were tempered by the jobs data released Friday.

Furthermore, a new NFIB survey will be out at 6 a.m. and a new JOLTS report will be released at 10 a.m. ET.

By admin

PennyStockPlay is committed to providing our members with the most informative and accurate penny stock trading information available on the Internet today. The team at PennyStockPlay is dedicated to turning even the most novice trader into a seasoned one. No one can guarantee gains, and if they do they are lying. There is always a minimum level of risk, as small as it can be, it is still present. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost, and current performance may be lower or higher than the performance quoted. We believe that the well-educated investor is a wealthy one, so subscribe to our newsletter by entering your email address in the opt-in box below and let us help you build a stock portfolio that will be the envy of all of your peers!