June consumer inflation data and the start of the second quarter earnings season could be two catalysts that make for bumpy markets in the week ahead.
Number of Americans Involuntarily Working Part-Time Falls by 707,000 to 3.6 Million, Lowest Level in 21 Years
A key question for markets is when will inflation peak, as it has already continued to flare higher much longer than the Fed had initially anticipated. "The street has not really changed the estimates. Revenue growth has ticked down. Margins are compressing. Analysts are leaving their estimates unchanged," said Boockvar."If there's going to be a readjustment, this is the time."
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