Thoughts from Bob (the new guy) on this week:

“Concentrate your energy and hoard your strength.”   Sun Tzu, The Art of War

This quote seems apropos given current market conditions with the war in Ukraine and corresponding sanctions, the Federal Reserve preparing to lean into higher short-term interest rates “as needed” to mitigate fast-rising price levels and the S&P 500 trading roughly in a range between 4170 and 4600 it seems unlikely the market will have a catalyst to break above that 4600 level without some resolution in Ukraine. We believe now is not the time to be aggressive but be willing to add to “Best of Class” positions near the lower range of the S&P 500. Hope everyone has enjoyed their spring break, returns refreshed and is ready to seize opportunity!  

What’s coming up next week?

Monday March 28th

Economic Calendar:   

• 8:30 AM ET                   Advance Goods Trade Balance, for February
• 10:30 AM ET                 Dallas Fed Manufacturing Index for March

 

Earnings Calendar:  

Earnings Before the Open: CASI, ITRM, SAIC, TPG, VERO

Earnings After the Close: CYCC, EYEN, JEF, LIDR, MBII, PLAY, PROG, WYY, ZEV

 

Tuesday March 29th  

Economic Calendar:   

• 7:45 AM ET                   ICSC Weekly Retail Sales
• 8:55 AM ET                   Johnson/Redbook Weekly Sales
• 9:00 AM ET                   CaseShiller 20 City for January
•  9:00 AM ET                   Monthly Home Price Index for January
• 10:00 AM ET                 JOLTs Job Openings for February
• 10:00 AM ET                 Consumer Confidence for March
• 4:30 PM ET                    API Weekly Inventory Data

 

Earnings Calendar:  

Earnings Before the Open: ASO, BKYI, CONN, DTC, KALA, LOVE, MKC, SCYX

Earnings After the Close: CALM, CHWY, CNXC, CWBR, HLTH, MLKN, MU, PRGS, PVH, RANI, RH, SLGC, TCDA, UGRO, VRNT, ZVO

Other Key Events:

• Barclay’s Crypto and Blockchain Summit 2022 (virtual), 3/29-3/30
• Maxim 2022 Growth Conference (virtual), 3/28-3/29
• Shoptalk 2022, 3/27-3/30, in Las Vegas
• Truist Gaming Bus Tour, 3/28-3/30

 

Wednesday March 30th     

Economic Calendar:   

• 7:00 AM ET                   MBA Mortgage Applications Data
•  8:15 AM ET                   ADP Employment Index for March
• 8:30 AM ET                   Gross Domestic Product (GDP), Q4-Final
• 8:30 AM ET                   GDP Consumer Spending, Q4-F
•  8:30 AM ET                   GDP Price Deflator, Q4-F
• 8:30 AM ET                   PCE Prices, Q4-F
• 8:30 AM ET                   Core PCE Prices, Q4-F
• 10:30 AM ET                 Weekly DOE Inventory Data

Earnings Calendar:  

Earnings Before the Open: AXLA, CNM, FIVE, MSM, PAYX, PTE, UNF

Earnings After the Close: AFIB, AGRX, FC, IZEA, KMPH, MSGM, PATH, PHR, RKDA, SMTI

 

Other Key Events:  

• Barclay’s Crypto and Blockchain Summit 2022 (virtual), 3/29-3/30
• Shoptalk 2022, 3/27-3/30, in Las Vegas
• Truist Gaming Bus Tour, 3/28-3/30
• China NBS Non-Manufacturing Index for March
• China NBS Manufacturing PMI for March

 

Thursday March 31st  

Economic Calendar:   

• 7:30 AM ET                   Challenger Layoffs for March
• 8:30 AM ET                   Weekly Jobless Claims
• 8:30 AM EST                 Continuing Claims
• 8:30 AM ET                   Personal Income for February
• 8:30 AM ET                   Personal Spending for February
• 8:30 AM ET                   PCE Price Index m/m for February
• 8:30 AM ET                   PCE Price Index y/y for February
• 8:30 AM ET                   Core PCE Price Index m/m for Feb
• 8:30 AM ET                   Core PCE Price Index y/y for Feb
• 9:45 AM ET                   Chicago PMI for March
• 10:30 AM ET                 Weekly EIA Natural Gas Inventory Data

 

Earnings Calendar:  

Earnings Before the Open: LTRY, TSHA, WBA

Earnings After the Close: ADMP, AEHR, BIOC, BLND, CALA, DCT, GBOX, HIL, MARK, NCNO, PL, PLSE, REED, VERB

 

Other Key Events:  

• China Caixin Manufacturing PMI for March

 

Friday April 1st

Economic Calendar:   

• 8:30 AM ET                   Nonfarm Payrolls for March
• 8:30 AM ET                   Private Payrolls for March
• 8:30 AM ET                   Manufacturing Payrolls for March
• 8:30 AM ET                   Unemployment Rate for March
•  8:30 AM ET                   Average Hourly Earnings m/m for March
• 8:30 AM ET                   Average Weekly Hours worked for March
• 9:45 AM ET                   Markit Manufacturing PMI, Mar-F
• 10:00 AM ET                 ISM Manufacturing Index for March
• 10:00 AM ET                 Construction Spending for February
• 10:00 AM ET                 Factory Orders m/m for February
• 10:00 AM ET                 Durable Goods Orders m/m for February
• 1:00 PM EST                 Baker Hughes Weekly rig count data

 

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