9 Minute Read

Market Prep for week Mar 30 – April 3

March 29, 2015

By | 1 Comment

**NOTE!!  FRIDAY is Good Friday, markets closed so address your weekly option expiry’s on thursday

Stocks took a bit of a hit this week as geopolitical concerns and poor economic data is finally having some negative impact on equities. a string of disappointing U.S. economic data has investors wondering if it will delay an increase in rates. It is a foregone conclusion that growth slowed in the first quarter of 2015. Other factors that influenced equity trading last week were the situation in Yemen especially given its geographic location regarding the flow of oil from the Middle East. The price swings in oil prices (/CL) have had a direct impact on energy company shares. Also dragging on financial markets are Greece’s negotiations with its creditors. The markets continue to wait for some sort of an agreement to be reached.
Option volatility jumped higher, albeit from extremely low levels. The CBOE Volatility Index (VIX) rose 15% and gained back the prior week’s slide. The ‘Fear Gauge’ should see some additional movement this week as there is plenty of economic data, Fed-speak and increased geopolitical action. Oil futures (/CL) rose about 4% on the heels of the escalating conflict in Yemen and this occurred despite a 5% slide on Friday. Energy prices and the oil market should continue to have a big impact on markets and the economy going forward.
The upcoming week is a short one as markets are closed on Friday for the Easter holiday.
The upcoming week is full of potential market-moving news. Housing, manufacturing and jobs data are all due and could throw some volatility into equities. The March Jobs report is due on Friday when markets are closed. We have had 12 straight months of employment gains above 200K, which is the longest duration since 1994.
Major Earnings for the Upcoming Week:

Monday:
A.M. – AIR, CALM
P.M. –N/A

Tuesday:
A.M. – CONN, GY, OCN, VTNR
P.M.– CNET, NG

Wednesday:
A.M. – MON
P.M. – N/A

Thursday:
A.M. – KMX
P.M. – MU, SKY

Friday:
A.M. –Markets Closed

Economic Releases (3/23 – 3/27):

Monday:
7:30 am CT – Personal income and Outlays
9:00 am CT– Pending Home Sales
10:00 am CT – Dallas Fed Mfg. Index
6:15 pm CT –Fed’s Fischer Speaks

Tuesday:
Fed’s George Speaks
8:00 am CT –Fed’s Mester Speaks
8:00 am CT –Fed’s Lacker Speaks
8:00 am CT – S&P Case-Shiller HPI
8:45 am CT – Chicago PMI
9:00 am CT – Consumer Confidence

Wednesday:
Auto Sales – All Day
6:00 am CT – MBA Purchase Applications
7:15 am CT – ADP Employment Report
8:45 am CT – PMI Mfg. Index
9:00 am CT – ISM Mfg. Index
9:00 am CT – Construction Spending
9:30 am CT – Oil Inventories

Thursday:
7:30 am CT –International Trade
7:30 am CT – Weekly Jobless Claims
7:30 am CT –Fed’s Yellen Speaks
9:00 am CT – Factory Orders
9:30 am CT – Natural gas Inventories

Friday:
Holiday – Markets Closed
7:30 am CT – Jobs Report
7:30 am CT –Fed’s Kocherlakota Speaks

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One Reply to “Market Prep for week Mar 30 – April 3”

  1. Clinton Metu says:

    In regards to the major earnings this week, is there any recommended way for playing them? I noticed that on earnings some stocks open high, pull back within the first 10-15 minutes of open, and then rise from there, and some stocks open and continue straight up

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