Posts  / #POST-210638
REDDIT

What upcoming data/reports/events to watch out for that could impact the market?

I
May 17, 2025 · 21:37

Could be good or bad. I’m thinking the market will continue trending slightly upwards until negative economic news/data really starts hitting. What I’m watching out for:

Negative:
1. “Liberation day 2” - if 50+ tariff announcements are made in 2-3 weeks
2. Pharmaceutical tariffs (maybe this week)
3. Semiconductor tariffs (maybe in June)
4. If empty store shelves occurs (if it happens probably in June)
5. If countries retaliate against tariffs: retaliatory tariffs (likely at some point), selling US debt like Japan (unlikely near term), halting US goods purchases (like China did with Boeing)
6. Enforcing sanctions against countries (China) getting oil from Iran
7. Effects of decreased tourism/consumers in foreign countries purchasing less American goods like Canadians/federal and private layoffs/loss of consumer spending and labor from deportations/tariff impacts

Could swing either way
1. Pce report for April
2. June jobs/inflation/manufacturing reports
3. Q2 gdp report (which could indicate recession)
4. 90 day pause on reciprocal tariffs ending - does Trump extend or enact
5. NVDA earnings
6. Fed June meeting (unlikely to cut rates)
7. Fluctuation of value of the dollar

Positive:
1. Trade agreements/foreign countries agreeing to purchase additional US goods