The Business Cycle Dating Committee

Key Catalysts for the week

Posted by Investing Freak on April 12, 2010
General / Comments Off on Key Catalysts for the week

Earnings season for Q1 will kick off w/AA coming Mon after the close.  PKX (S Korean steel company) will hit overnight on Mon w/a call on Tues morning.  There will be a bunch of tech results.  For the semis, watch for INTC and LLTC on Tues, ASML on Wed, and AMDFCS on Thurs.  In the internets, GOOG kicks things off Thurs night.  JPM is the first financial earnings of the season (Wed morning) and will be followed by PBCT(Thurs night) and BAC, FHN (Fri morning).  GE reports Fri morning also.

·         Credit card companies will release their mastertrust #s on Thurs and the latest short interest stats hit on Mon after the bell.

·         Congress comes back into session on Mon, w/the focus being on Dodd’s financial regulatory reform bill.

·         China’s president is traveling to the US on Mon for a nuclear summit in Washington (a meeting w/Obama is scheduled for Mon).  There could be more headlines on Iranian sanctions coming out of this Washington summit.      For the rest read Business Insider.

NBER: “Premature” to Call end of Recession
The Business Cycle Dating Committee of the National Bureau of Economic Research met at the organization’s headquarters in Cambridge, Massachusetts, on April 8, 2010. The committee reviewed the most recent data for all indicators relevant to the determination of a possible date of the trough in economic activity marking the end of the recession that began in December 2007. The trough date would identify the end of contraction and the beginning of expansion. Although most indicators have turned up, the committee decided that the determination of the trough date on the basis of current data would be premature. Many indicators are quite preliminary at this time and will be revised in coming months.   Read More at Calculated Risk

VIX plumbs new low as other indicators edge closer to extremes
The volatility index ($VIX) dropped to another new low on its series of waves down since late 2008/early 2009, meaning that investors shed yet more fear to place yet less value on premium protecting against volatility. This places it at risk of a snapback along with a stock market pullback. At the same time, other indicators (shown lower down) also tell the story of the market at the edge of cresting. For Charts go to ChartLines

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Have a good night,

-K

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