Bank Earnings and Economic Data Delays Dominate the Week Ahead
Major financial institutions including JPMorgan Chase, Wells Fargo, and Goldman Sachs are set to kick off Q3 earnings season this week. JPMorgan's Tuesday report comes after two consecutive quarters of revenue beats, though CEO Jamie Dimon has recently cautioned about economic headwinds.
The ongoing federal government shutdown enters its third week, forcing delays in critical economic indicators. September's Consumer Price Index release has been pushed to October 24, while retail sales and housing data remain in limbo. This data vacuum leaves markets navigating without traditional compass points.
Semiconductor giants TSMC and ASML will also report this week, providing insights into global tech demand. Federal Reserve Chair Jerome Powell and several officials maintain scheduled speaking engagements despite the lack of fresh economic data, potentially increasing market sensitivity to their remarks.
