This week should be back to normal volume-wise as the market resumes normal trading hours for the entire week. Still in the midst of earnings season, we have Toronto Dominion Bank and Salesforce due out as well as the normal news. Here are 5 themes to watch in the market this week.

1. Quarterly Earnings: Quarterly earnings reports are always important for investors. Companies like Salesforce, Dollar Tree, and Hormel Foods can provide insights into the overall business environment. Additionally, the guidance they offer can influence market sentiment. The earnings reports of Royal Bank of Canada and Toronto Dominion Bank are also significant, as they can shed light on the health of the banking sector and potentially offer clues about future interest rate trends.
2. New Home Sales: New Home Sales data can be a valuable indicator of economic health. A strong housing market is often seen as a sign of a healthy economy. However, a very hot housing market might also raise concerns about the Federal Reserve’s monetary policy, potentially leading to interest rate hikes.
3. Preliminary GDP Numbers: GDP figures are closely watched by investors as they provide a snapshot of economic growth. A strong GDP number can boost market confidence, while a weaker-than-expected figure may lead to market softening.
4. OPEC-JMMC Meetings: OPEC meetings can have a significant impact on energy markets, which, in turn, can affect various sectors of the economy. Any discussions about output, production, and supply can lead to price fluctuations in the energy markets, influencing equity markets and consumer spending.
5. Federal Reserve Speakers: Statements from Federal Reserve officials, including Chairman Jerome Powell, are closely monitored for insights into interest rate policy and the overall economic outlook. Powell’s speeches, in particular, tend to move the markets, so his remarks during the fireside chat on Economic Mobility could be a key event to watch.

In summary, these themes highlight the various factors and events that can influence market sentiment and trading decisions during the week. It is essential for investors to stay informed and adapt their strategies based on the outcomes and developments in these areas.