Wow, what an end to a shortened week today. The Dow, as I type this is up over 190 points, Unemployment seems to be rising at a less rapid pace, and Wells Fargo predicted a $3 billion profit. Things really may be headed back up. I called the bottom at 6400 just a few weeks back. I am more confident then ever before that my call was correct, and those investments made back then will perform very well in the long run. Next week is a huge week for the stock market. There is all sorts of economic data being released, as well as many earnings releases too by some of the biggest companies in the US. Tomorrow The market is closed for Good Friday. I will go more into details about next weeks earnings releases sometime in tomorrow's entry. Below is a list of the key economic data we will get next week with the date and time:
- Apr 14 8:30 AM Core PPI
- Apr 14 8:30 AM PPI
- Apr 14 8:30 AM Retail Sales
- Apr 14 8:30 AM Retail Sales ex-auto
- Apr 15 8:30 AM Core CPI
- Apr 15 8:30 AM CPI
- Apr 15 8:30 AM Empire Manufacturing
- Apr 15 9:15 AM Capacity Utilization
- Apr 15 9:15 AM Industrial Production
- Apr 15 10:30 AM Crude Inventories
- Apr 15 2:00 PM Fed's Beige Book
- Apr 16 8:30 AM Building Permits
- Apr 16 8:30 AM Housing Starts
- Apr 16 8:30 AM Initial Claims
- Apr 16 10:00 AM Philadelphia Fed
- Apr 17 9:55 AM Mich Sentiment-Prel
The ones which should sway the market the most are, Retails Sales, Housing Starts, Industrial Manufacturing, and the Philadelphia fed numbers. If numbers are good as well as earnings from some of the larger companies I will discuss tomorrow, we could see the Dow in eterritor we havn't seen it in close to 6 months.
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