The Weekend Rip 4/12
The market waits for nothing and when the world is so crazy, sometimes it’s a little bit difficult to look ahead. Earnings season kicks off this week so gloves up.
Money center banks report and the body language of these execs are going to frame the action in stocks.
JP Morgan kicks off on Tuesday before the open. $JPM’s CEO Jamie Dimon already began telegraphing somewhat with his letter to shareholders which we discussed last week. If you missed it, you can still read that here. It is well worth your time.
Below, you will find a longer listing of the most prominent companies reporting this week and when they go.
Also… apparently the oil war is over. For now, lol.
Oil Price War Ends With Historic OPEC+ Deal to Cut Production
Here’s the weekly performance for the major indices and the weekly S&P 500 chart:
| S&P 500 | 2,789 | +12.10% |
| Nasdaq | 8,153 | +10.59% |
| Russell 2000 | 1,246 | +18.50% |
| Dow Jones | 23,719 | +12.67% |
Bear Market Rallies
Here’s a great chart shared by Peter Brandt. This is a weekly chart from 1929-1932, emphasizing the explosive bear market rallies during the Great Depression. “High not exceeded for 25 years”, hard to imagine.
Stocktwits Social Sentiment Index
Stocktwits Social Sentiment is at its highest level since March 8th. Sentiment followed price last week, as community members got 36% more bullish since last Sunday.
2008 VIX vs 2020 VIX
Here is a $VIX chart shared by Trendspider. This chart is comparing the price behavior for the $VIX during 2008 and 2020. If history repeats itself we could be in for an uptick in volatility. Place your bets…
The Oldest Company in (Almost) Every Country
Masters Sunday
1997 Masters Tournament Final Round Broadcast
Tiger Woods becomes the youngest Masters champion.
Sunday Links
Decoding The Most Confusing Week Ever
Crashes, Policy, and Domino Effects via Jamie Catherwood
Top Dawgs of 2020
A Wall Street Bank’s Hard-Driving Culture Pushes Traders Into the Office
Long Reads Curated by Tadas Viskanta
Quarantine Bakers Are Making Flour a Hot Commodity
Fed Truthers are Wrong Again via Cullen Roche
The Week Ahead
And now a brief and well-organized look ahead at the trading week beginning Monday, April 13, 2020:
Economic Calendar:
4/15 March Retail Sales (8:30 AM EST)
4/15 EIA Crude Oil Inventories (10:30 AM EST)
4/16 March Housing Starts (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.
