Market Direction Week of April 10, 2017©

Market Direction: BULLISH alert issued 11/10/2016 

Last Week Review: U.S. large-cap stocks were flat while small-cap stocks fell by more than 1% as the U.S. Federal Reserve's (Fed) meeting minutes revealed that it is beginning to determine when and how it will reduce the size of its balance sheet. In addition, the jobs report showed that the economy added 98,000 jobs in March, lower than the expected 185,000, according to Bloomberg. While the slower job growth may have surprised some investors, it's important to remember that jobs data can be very volatile, making it susceptible to sharp increases or decreases on a monthly basis. One factor that can drive this volatility is the weather, which was particularly bad in March and likely contributed to the weakness in job gains. We expect Fed policy, the execution of the Trump administration's pro-growth reforms, and geopolitical risks to cause volatility.

How the market finished last week, the S&P 500 down 0.3%, the Nasdaq down 0.6%, and the Dow flat 0.0%.

This Week: With a relatively light economic calendar and only 4 trading days, most of the movement in the market next week will likely come from political activities. Pay attention to the news.

Next week sees the start of US earnings season. Will all the hope and expectation baked into US markets since the election be sustained once fresh hard earnings data is out? US banks take the lead as ever, and given the sector’s mixed performance of late it promises to be an interesting time

UK data takes centre stage, with CPI, employment figures and retail sales coming through. After the services PMI rescued sterling last week, can more good news bolster cable once again? 

Economic Calendar: JOLTS (4/11), Import and Export Prices (4/12), PPI-FD (4/13), Consumer Price Index (4/14), Retail Sales (4/14)

Some of the major earnings announcements on deck: DAL, FAST, WFC, C, JPM, TSM.

$tockMarketDirection proprietary model is currently BULLISH. We strongly encourage you to monitor positions closely, exercise proper money management strategies and follow us at $tockMarketDirection for ALERTS we may issue advising a change in the current market direction. Stay tuned and follow us. If you have a testimonial or comment of how this website has helped you we would like to know, write us. Share with a friend. Cha-ching.

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