Stock Market Predictions for April 24-28, 2023: Earnings and PCE in Focus

The upcoming release of GDP figures, PCE, and employment cost index data will provide insight into the state of the economy. Real GDP is expected to increase by 2% in the first quarter, while the GDP price index is expected to be at 3.7%. The March PCE is anticipated to rise by 0.1% to 4.1% year-over-year, indicating that inflation is still an issue. The Employment cost index is expected to rise to 1.1% from 1.0% in the fourth quarter. The TLT and TIP ETFs are at risk of dropping, potentially hurting the QQQ ETF and the S&P 500. Intel, Microsoft, Roku, and Visa are set to report their results this week.