The Week Ahead For April 11th to 15th
by Geoff Garbacz
The NASDAQ 100, Dow Jones Industrial Average, Russell 2000 and S&P 100 were higher for the week.
1.Geopolitical and Fiscal Events. None of note besides a Senate appearance by Dr. Anthony Fauci head of the NIH.
2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as NFIB Small Business Optimism Index, CPI, PPI and the University of Michigan Consumer Sentiment.
3.Earnings Releases. Notable releases this upcoming week include MAR ZBH DUK HMC CSCO STE BABA AGN JD VFC.
Monday, May 11
The latest NYSE and NASDAQ Short Interest is due out after the close. The data will look at the action from April 13th to April 28th when the S&P 500 rose 3.68%.
Tuesday, May 12
April NFIB Small Business Optimism is due out at 6:00 a.m. EDT and came in last month at 80.
April CPI is due out at 8:30 a.m. EDT and is expected to fall to -0.8% from -0.4%.
Wednesday, May 13
April PPI is due out at 8:30 a.m. EDT and is expected to fall -0.5% from -0.2%.
Thursday, May 14
None of note.
Friday, May 15
April Retail Sales is due out at 8:30 a.m. EDT and is expected to fall to -11.9% from -8.7%.
April Industrial Production is due out at 9:15 a.m. EDT and is expected to fall to -12.1% from -5.4%.
University of Michigan Consumer Sentiment (Preliminary) is due out at 10:00 a.m. EDT and is expected to fall to 67.4% from 71.80%.
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