Stock investors are treading cautiously ahead of upcoming critical economic data and the “unofficial” start of the Q4 2021 earnings season this week. Bulls mostly believe the sell-off that followed the Fed’s “minutes” last week was overdone and largely a knee-jerk reaction to information that investors already knew.
Stock indexes remain near new record highs as earnings for most companies continue topping estimates.
At the same time, many businesses continue to announce plans for further price increases, with most facing higher cost pressures. It will be interesting to see how or when the U.S. consumer starts to pull back.
Upcoming price increases
Stock market volatility remains the theme as indexes are little changed from where they started the week with not much NEW news or data to help guide direction. Bulls seem to be comfortable ahead of the U.S. Federal Reserve’s upcoming policy meeting next week on Tuesday and Wednesday, September 21-22.
Today I want to focus on Insider Accumulation because it sends warning signs to Apple Inc (NASDAQ: AAPL) and Tesla Inc (NASDAQ: TSLA) investors.
Tesla Stock Forecast