I believe in Miracles: what to expect for the week ahead

Music buffs have analyzed Jim Morrison’s lyrics to “The End” a hundred different ways.

Yet, not one considered it in the vane of a global pandemic and its eventual domestic demise.

But here we are.

While the United States is gearing up for a blowout summer, the rest of the world is experiencing waves of lockdowns and increasing cases. 

On Friday, parts of northern and southern France have implemented quarantine mandates and Italy, Germany, Spain, Netherlands, Portugal, England, Greece, and the Czech Republic. Even in the U.S., cases spiked as new variants rolled across the midwest.

Speaking of Europe, markets are closed on Monday, but the US is open! 

The DOW expects to open over up 200 points based on the killer non-farm payrolls report, which added 916,000 jobs – the highest since August 2020. Economists were expecting an increase of 675,000 and a jobless rate of 6%. 

Automaker Tesla (TSLA) also reported better than expected deliveries of their cars on Friday to the tune of 184,800, giving a halo lift to the EV sector. 

This is what we see trending in our TrackStar IQ data, which tells you what is piquing the interest of other advisors just like you: 

Q2 is already off to an excellent start here in the US. Here’s what to expect for the week ahead: 

Earnings:

4/6/2021: PAYX 

4/7/2021: SCHN, CUK, and CCL

4/8/2021: LEVI, STZ, and CAG

4/9/2021: JKS 

IPOs:

4/5/2021: CPNG analyst quiet period expires.  

Speakers: 

4/5/2021: I.M.F.: 2021 Spring Meetings of the International Monetary Fund and the World Bank Group 

4/8/2021: US Fed Chief Powell participates in seminar ‘Debate on the Global Economy at the IMF Spring Meetings, and US Minneapolis Fed’s Neel Kashkari (Non-Voter) speaks at the Economic Club of NY

Economic: 

4/5/2021: US Feb Final Durable Goods Orders; Durables Ex-Transportation, US Feb Factory Orders; Factory Orders Ex-Transportation

4/6/2021: US Redbook Retail Sales US, Feb JOLTS Job Openings and the US Treasury’s 4 and 8 Week Bill Announcement

4/7/2021: US Mar FOMC Meeting Minutes and US Feb Consumer Credit announcements 

4/8/2021: US Continuing/Initial Jobless Claims

4/9/2021: US Feb Wholesale Trade Sales; Final Wholesale Inventories

Related posts

Peers Reducing Beta in Uncertain Times

InvestingChannel

Can this Stock Ease Your Stress?

InvestingChannel

Advisors Looking East and Going for Gold

InvestingChannel

Market Showing Some Crox

InvestingChannel

Tech Earnings, Elections and Covid Oh My!

InvestingChannel

Commodities at the Forefront as Elections Loom

InvestingChannel