WEEKEND PREP 30 APRIL

Monday May 1 update: US DATA TODAY BIG WEEK AHEAD!  FOMC, FOMC, FOMC!!   Recap April 24-28 Signs Are Mounting That a Debt Crunch is Looming (Bloomberg) Funding crunch complicates the Fed’s decision-making next week Lending is shrinking and the money supply is contracting Just when it seemed the US regional banking strains were starting […]

IN THE OVERNIGHT 21 APRIL

Sea of RED.. Bloodbath in China after Biden plans to sign an order in coming weeks to limit investments in China by American businesses. Overseas investors sold 7.62B yuan of Chinese-A shares via Hong Kong marking the highest net selling so far this year. Overnight Data/News US DATA TODAY

IN THE OVERNIGHT 18 APRIL

Long-anticipated China GDP data was out overnight Mixed Asian Markets …Europe Green (so far) Overnight Data/News (China) China-mixed data GDP, retail sales, unemployment strong Property sector is still horrific, slightly weaker than expected industrial production but still improving Overnight Data/News (the rest) US DATA TODAY

WEEKEND PREP 16 APRIL

UPDATE 17 April: Quiet overnight…not much data today Market Wrap this week via FactSet: US equities close lower: Dow (0.42%), S&P 500 (0.21%), Nasdaq (0.35%), Russell 2000 (0.86%) PPI was this past week …so let us talk about inflation a bit. Last week’s release of the March CPI report revealed that inflation remains on its […]

IN THE OVERNIGHT 14 APRIL

Pretty green in Asia and Europe (so far….) Bank earnings below $BLK, $PNC. $JPM, $WFC Overnight Data/News Bank earnings so far this morning: BlackRock Q1 23 Earnings: – Revenue: $4.24B (est $4.24B) – Adj EPS: $7.93 (est $7.67) – AUM $9.09T (est $8.86T) PNC Financial Q1 23 Earnings: – Revenue $5.60B (est $5.61B) – EPS […]