SubscribeDaily Futures Commentary April 13, 2009
Monday, April 13, 2009
Trading activity could be subdued today because of extended holidays in Asia and Europe. The lack of U.S. economic reports could also trigger choppy two-sided trading.
Investors will be watching to see if the stock market can build on the current 5-week rally and especially on last Thursday’s big gain led by optimistic news from Wells Fargo. This means that as earnings season enters full swing this week, the emphasis will be on the banking stocks. Traders are also hoping that better-than-expected economic reports later this week will provide support for the current rally by indicating the worst of the U.S. recession is over.
Tuesday will be important this week because of the U.S. PPI, Retail Sales and Business Inventories Reports. Many are calling for retail sales to be the report that triggers another surge in equity markets. Traders are hoping that last month’s rally led to optimism and optimism led consumers to open up their wallets. Investors are not only looking for an increase but also signs that a trend is developing.
Wednesday will be highlighted by Capacity Utilization and Industrial Production. Both of …
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