Market Direction:BULLISH alert
issued 2/15/2018
Stock on the Radar (STAR)© was launched 6/19/2017 Sunday evening. When there is a new stock recommendations for the week it is typically made available late Sunday, so investors can prepare to take a position when the market opens Monday for trading.
To view this trade for 'FREE' just click the link below and register to the website.
Stock on the Radar (STAR)© was launched 6/19/2017 Sunday evening. When there is a new stock recommendations for the week it is typically made available late Sunday, so investors can prepare to take a position when the market opens Monday for trading.
To view this trade for 'FREE' just click the link below and register to the website.
Click here to register!
Last Week Review: Stocks were up 3.5% on the week as markets rallied Thursday afternoon following President Trump's proclamation that steel and aluminum tariffs would exclude imports from Canada and Mexico, and markets continued rising on Friday following February's jobs report that showed robust job gains. We continue to expect elevated volatility stemming from trade negotiations, interest rate uncertainty, and inflation concerns.
Highlights last week, U.S. equity markets were higher across the board following a significant beat on Friday morning’s Nonfarm Payrolls report. Also fueling the bullishness, and perhaps more important to investors, is that average hourly earnings came in below estimates (0.1% vs. 0.2% expected) which helps calm recent inflationary concerns. The bulls might consider Friday’s employment data a “Goldilocks” scenario for equities, but there are still some potential issues on the radar. Earlier last week European Commission head Jean-Claude Juncker warned that reciprocal measures could be taken in response to Trump’s tariff announcements and on Wednesday White House Chief Economic Advisor Gary Cohn announced that he is resigning from his post. While markets initially responded negatively to Cohn’s departure and the potential for a trade war is still on tap, investors have been able to take it in stride.
How
the market finished last week, the S&P 500 up 3.5%, the Nasdaq up 4.2%, and
the Dow up 3.3%.
This Week: Markets rally higher despite
geo-political risk. Encouraging price action suggests momentum could continue
into next week.
Next
week is fairly busy on the economic front and while today’s soft wage growth
was gladly received by investors, inflation will continue to be in focus.
Therefore, next week’s CPI and PPI data are standouts in my view. Also, keep an
eye on the retail sales report as last month’s report showed a 0.3% decrease
(versus expectations for a 0.2% gain). Lastly, housing data has been coming in
soft recently so Friday’s Building Permits and Housing Starts will help provide
some insight into that sector.
US consumer price index (CPI) and retail sales dominate the week, along with the Spring Budget statement in the UK.
With inflation weakening in the eurozone, the US figures will command plenty of attention, given the speculation about a faster pace of US tightening and the recent appreciation in the US dollar index. Corporate news in the UK focuses on full-year figures from Morrisons and Prudential, plus a half-year update from pub operator JD Wetherspoon.
Economic Calendar: Consumer Price Index (3/13), Retail Sales (3/14), PPI-FD (3/14), Philadelphia Fed Business Outlook Survey (3/15), Industrial Production (3/16)
Some of the major earnings announcements on deck: HTHT, CTRP, ULTA, DG, ADBE.
$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, email us. Share with a friend. Cha-ching.
Related Link: http://www.stockmarket-direction.com/
No comments:
Post a Comment