[转贴] April 6, 2014 Weekend Market Update

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U.S. equity markets finished the week battered notwithstanding a new intra-day high reached by the S&P 500 earlier on Friday in reaction to an upbeat March jobs report. Several iron-clad momentum stocks flirted with bearish territory after surrendering 20% of their stock price in just the past several sessions as profit taking has prompted the rotation just ahead of earnings season. Eventually, the isolated sell-off spread into other areas on Friday sending the Dow Jones down nearly 1% as well. The Nasdaq 100 (NDX) suffered the biggest hit with a 2.7% reduction in value within a single session and saw a 5/1 declining to advancing ratio of listed companies signifying a broad-based liquidation with heavy volume. Traders will be fixated on several key names leading into next week to ascertain if the recent free-falling in price-action can finally attract any support buyers which has been the recurring theme of this sustained bull market .



The CBOE Volatility Index (VIX) quickly reversed from lows not seen since the first of the year off prolonged complacency to close at $13.96 as protective put buying intensified throughout the day. Gold Futures (/GC) closed stronger on a weekly high just above the $1300 mark in reaction to the new nervousness over the equity markets.



Earnings Season officially kicks off again on Tuesday with Alcoa(AA) being the first to report. Although next Friday’s releases of banking giants JP Morgan (JPM) and Wells Fargo (WFC) will hold significantly more weighting to gauge the overall health of the economy since the beginning of the year in light of inclement weather slowing growth for much of the country. Several companies have continued to lower forward guidance at an accelerated rate in order to more easily top analyst expectations. Recent stock buyback programs in the historically cheap interest environment have been a major driver in appeasing shareholders even with unexpected revenue misses. Organic growth will be critical with this earnings cycle to validate any anticipated momentum.



Also in focus for the upcoming week will be Wednesday’s release of the minutes from the Federal Reserve's March meeting. Any additional hawkish language regarding interest rate hikes over the near-term has the potential to escalate into a broader exodus out of bonds with the 10 year closing the week at 2.73%. Speaking engagements from several senior Fed officials will also be closely examined to anticipate the Fed’s overall intentions. Lastly, scheduled Treasury auctions this week will also provide even more insight into investor’s sentiment over the inevitable depending on the level of buying interest.



Major Earnings for the Upcoming Week:



Monday: N/A



Tuesday: AA, ISCA, WDFC



Wednesday: BBBY, STZ, PSMT, RT



Thursday: FDO, PIR, RAD



Friday: FAST, JPM, WFC



Economic Releases (4/07-4/11):



Monday:

11:30 am CT – TD AMERITRADE IMX

02:00 pm CT – Consumer Credit



Tuesday:

6:30 am CT –NFIB Small Business Index

9:00 am CT – JOLTS Job Openings

12:30 pm CT –FOMC Member Kocherlakota speaks

1:45 pm CT – FOMC Member Plosser speaks



Wednesday:

9:00 am CT – Wholesale Inventories

9:30 am CT – Oil Inventories

12:00 pm CT –10-year Note Auction Results

1:00 pm CT – FOMC Minutes Release

6:00 pm CT – FOMC Member Tarullo speaks



Thursday:

7:30 am CT– Weekly Jobless Claims

7:30 am CT– Import Prices

9:00 am CT – Business Inventories

9:30 am CT – Natural Gas Inventories

12:00 pm CT–30-year Bond Auction Results

1:00 pm CT – Federal Budget Balance



Friday:

7:30 am CT- Producer Price Index

Ongoing G-20 Meeting

Concluding INF Meeting

西门吹雪

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还好，这次没流口水了
回复 2# 西门吹雪