Tradable Events this Week
Tradable Events this Week

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The S&P, NQ and Dow all settled Friday at new highs for the year. Members of the Federal Reserve and Minutes from the March meeting confirmed a patient and accommodative policy path while CPI data helped reiterate such. Traders and investors alike look to the onset of earnings season this week amidst lowered expectations to be the next catalyst helping fuel prices to new all-time highs. JPMorgan beat earnings on Friday and finished +4.69% on the session leading broad gains in the banking sector. Citigroup and Goldman Sachs look to keep the party going with earnings releases Monday morning. The slate picks up speed on Tuesday with Bank of America, UnitedHealth, Johnson & Johnson, BlackRock and others before the bell. Netflix headlines after the bell on Tuesday and will be joined by IBM.

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Better than expected or less-worse Eurozone Industrial Production and a bounce back in Chinese Exports led the headlines on Friday. The market ignored weak U.S imports to China and a miss on fresh Michigan Consumer data. Overall, economic data from around the world has been soft at best with scattered bright spots or what we have coined less-worse reads. Has the downtrend in growth begun to bottom? This week could certainly provide some answers. On Monday, we look to NY Empire State Manufacturing; it has fallen short of expectations for three out of the last four months. Tuesday might be the most pivotal day with U.K jobs, German ZEW Sentiment and U.S Industrial Production early and then Chinese GDP along with the trio of Industrial Production, Fixed Asset Investment and Retail Sales late. If not Tuesday, then the most pivotal is without a doubt Thursday. Here, we look to Eurozone and U.S Flash PMIs, U.S Retail Sales and Philly Fed Manufacturing. The risk-appetite finished the week on a very positive note with stocks, commodities, treasury yields and risk-currencies all gaining ground.

Good luck and good trading.


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