No Shortage of Events This Week
Coach Mark here.
Earnings season kicks off this week with the big banks reporting. My brother Matt is an earnings expert by anyone’s standard. It was fascinating being on the Trading Justice podcast with him yesterday as he gave an earnings preview breaking down the different scenarios that could unfold. It was tremendous analysis and you can watch it on Tackle Trading’s YouTube channel here or listen to it here. You want to be prepared for this earnings season if you are a trader (no doubt about that) and listening to this episode is a great step in doing that.
Earnings is not the only thing on deck this week as we have inflationary data on Thursday and Friday. Moderating inflation has been a theme for the bulls in recent reports and we will see if that continues with the CPI on Thursday and the PPI on Friday. After these reports the macro will take a backseat and earnings will fully take the show in the coming weeks.
Jerome Powell will also be before the Senate Banking Committee on Tuesday and the House Financial Services Committee on Wednesday. Powell has been a vocal dove for the bulls all year long and unlikely to break form here. It will be interesting to see if he hints at when rate cuts are expected if pressed by elected officials.
With something happening every day this week it is not exactly easy to plan around any one event! We will be there each day on the Halftime Report to help navigate this busy week! Have a fantastic Monday!
Chart of the Day: S&P 500 (SPY)
The S&P 500 has been one of the most consistent trends in the market. This is exactly what you want to see if you are a bull. Earnings will play a big role on whether we take another leg up in the short-term.
Today’s lineup
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only the Coaches at Tackle Trading can deliver.
Weekend Reports
Watch the Stock, Options, Commodity, and Tackle Newsletter Reports to help you prepare for the week.
Financial freedom is a journey
Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.
Legal Disclaimer
Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.
All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.