SPY 4/10-4/14 DATA DROPS
All times are Wall Street
Monday- FOMC member Williams speaks at 4:15pm, another quiet Monday
Tuesday- Energy information administration (EIA) short-term energy outlook (STEO) 12pm
Wednesday- CPI 8:30am, curd oil inventories 10:30, FOMC meeting minutes 2pm
Thursday- PPI 8:30am, initial jobless claims 8:30am
Friday- Core retail sales 8:30am, FED Waller speaks 8:45am, consumer sentiment 10am
Earnings kicks off with banks this week so be ready for some moves. The biggest thing lately is fear uncertainty and doubt (FUD) the headlines are outrageous when it comes to the dollar. The US dollar still is king with 59% of the official reserves globally as of Q4 2022. Second is the Euro at 20% the Chinese are in fifth at 2.7% most people don’t know what the RMB is let alone the yuan. China has been in covid lockdown for awhile of course they are going to come out swinging, if they make peace deals in Iran good for them it doesn’t change the fact that they are the communist china party. Anyway don’t want to get to political just be careful falling for distractions keep your head clear. Another thing is CPI this week I’m sure it will be sticky it is here to stay. Why would they want to lower inflation which would cost them when it comes to collecting sales tax. If something used to cost 100 you paid say 12 bucks in taxes now let’s say it cost 150 because of inflation they now collect almost 20 bucks, why would they want to lower prices when it would cost them in taxes. I knew I should have made a video this weekend. Be safe out there things are moving fast
As always trade what’s in front of you good luck
Monday- FOMC member Williams speaks at 4:15pm, another quiet Monday
Tuesday- Energy information administration (EIA) short-term energy outlook (STEO) 12pm
Wednesday- CPI 8:30am, curd oil inventories 10:30, FOMC meeting minutes 2pm
Thursday- PPI 8:30am, initial jobless claims 8:30am
Friday- Core retail sales 8:30am, FED Waller speaks 8:45am, consumer sentiment 10am
Earnings kicks off with banks this week so be ready for some moves. The biggest thing lately is fear uncertainty and doubt (FUD) the headlines are outrageous when it comes to the dollar. The US dollar still is king with 59% of the official reserves globally as of Q4 2022. Second is the Euro at 20% the Chinese are in fifth at 2.7% most people don’t know what the RMB is let alone the yuan. China has been in covid lockdown for awhile of course they are going to come out swinging, if they make peace deals in Iran good for them it doesn’t change the fact that they are the communist china party. Anyway don’t want to get to political just be careful falling for distractions keep your head clear. Another thing is CPI this week I’m sure it will be sticky it is here to stay. Why would they want to lower inflation which would cost them when it comes to collecting sales tax. If something used to cost 100 you paid say 12 bucks in taxes now let’s say it cost 150 because of inflation they now collect almost 20 bucks, why would they want to lower prices when it would cost them in taxes. I knew I should have made a video this weekend. Be safe out there things are moving fast
As always trade what’s in front of you good luck
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.