The Week Ahead
I think we can expect the volatility to continue as we have several major economic reports and corporate earnings reports ahead. Thursday will be the marquee day with the employment numbers and January Retail Sales Report, followed by Friday with the February University of Michigan Consumer Sentiment Report.
Major Earnings Reports:
Tuesday: Disney
Wednesday: Coca Cola
Thursday: Marriott
Major Economic Reports:
Tuesday: December Wholesale Inventory
Thursday: Initial Unemployment Claims, Continuing Unemployment Claims, January Retail Sales
Friday: University of Michigan Consumer Sentiment
Sector Spotlight:
Leaders: Gold Miners, Semiconductors,
Laggards: Turkey, Spain, Silver
It’s Super Bowl weekend again, that uniquely American tradition, and, of course, there’s a “Super Bowl Indicator” for the stock market. This indicator says that when a team from the old NFL wins, it’s an up year for the stock market. Since both of this year’s teams are from the old NFL, it’s a sure touchdown that this year will be up. But the “January Indicator” says that “as January goes, so goes the year,” and with January a down month, 2010 will be down, as well.
Of course this is all pure superstition, and for my part, I’m going to ignore these so called “indicators,” stick to my charts and enjoy the game. I hope you do, too.
All the best,
John
Publisher
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