Weekend Rip 3/1
Alrighty folks, last week the markets got shook. Who knows where things are going to be heading in the near future. It approaches go time though so ready your game faces.
Earnings this week are relatively light. We’ll get numbers from Costco, Target, and Zoom. (See more below)
Here’s the weekly S&P 500 chart. As I’m sure you are aware by now, it was the worst week in the markets since 2008.
S&P 500 | 2,954 | -11.49% |
Nasdaq | 8,567 | -10.54% |
Russell 2000 | 1,474 | -12.04% |
Dow Jones | 25,409 | -12.36% |
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Jamie Catherwood, Pandemics & Markets
Here’s a summary, it’s worth checking out.
• The Black Death Economy
• Spanish Influenza & Earnings
• Cholera Outbreak of 1892
• Mortality & Market Risks
• Spanish Influenza in America
• Market Crashes: 1692 – 2015
Stocktwits Sentiment Charts
Here’s the updated Stocktwits Sentiment data for the S&P 500 ETF ($SPY). Sentiment saw an uptick last Friday – one data point but something to watch.
What We’re Listening To
If you survived last week, congrats. A big part of this game is survival when volatility kicks in. A great trader once said, “Anyone with a pulse can make money in an easy market, it’s about keeping your gains when sh*t hits the fan. That’s what separates you from the pack.”
Because of this, we will be listening to Kanye West’s Stronger on repeat while going through our weekly charts.
The Week Ahead
And now a brief and well-organized look ahead at the trading week beginning Monday, March 2, 2020:
Economic Calendar:
3/2 February ISM Manufacturing Index (10:00 AM EST)
3/6 February Unemployment Rate (8:30 AM EST)
Here’s the full Economic Calendar provided by Briefing.
Earnings Ahead:
Here’s Earnings Whispers’ great visual.
Be sure to know when your stocks are reporting. Here’s the full earnings calendar.