The market is flat to start the week as traders await news on the debt ceiling, economic data and upcoming earnings reports from some of the biggest retailers in the U.S.

President Joe Biden and House Speaker Kevin McCarthy will meet on Monday to continue negotiations to raise the debt ceiling.

While the week is light on economic data, all eyes will be on Thursday’s latest gross domestic product number, which will give us more information on the health of the economy.

The Federal Reserve is also scheduled to reveal the minutes from its latest meeting on Wednesday.

Meanwhile, the market continues to digest the latest earnings reports. Lowe’s Companies Inc. (NYSE: LOW), Dick’S Sporting Goods Inc. (NYSE: DKS) and BJ’s Wholesale Club Holdings Inc. (NYSE: BJ) report before the bell on Tuesday, while Costco Wholesale Corp. (Nasdaq: COST) reports after the close on Thursday. These large retailers should also provide clues about the strength of the economy and consumers.

In this morning’s stock market recap video, I’ll discuss the biggest Fed reports this week and which ones you should focus on… the biggest earnings reports this week and what type of movement to expect… which sectors are ready to trade higher and why… which sector is losing momentum… plus if the bond market is ready to plummet or skyrocket!

Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!

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P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.

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To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!

Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to [email protected]!

Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.