Market Insider

Traders eyeing economic data to avoid June swoon

What to watch next week: Domm

With the perched at all-time highs, traders will be taking the pulse of the economy in the week ahead to see if growth is keeping up with the stock market's high expectations.

There are a few important data releases, including durable goods Tuesday, first quarter GDP revisions Thursday, and the PCE price index and consumer sentiment Friday. The Treasury auctions $108 billion in notes, and there are few Fed speakers.

"We have fewer macro drivers, and we'll be more micro focused. Incrementally, we're getting more comfortable with the message the 10-year is sending us," Art Hogan, chief market strategist at Wunderlich Securities.