The Week Ahead
This week the markets will no doubt be reactive to geopolitical news - Ukraine. On deck this week are earnings the following will be of note:
Monday, March 21 Nike (NKE) and Tencent Music Entertainment (NYSE:TME).
Tuesday, March 22 Carnival (NYSE:CCL), Adobe (NASDAQ:ADBE) and Poshmark (NASDAQ:POSH).
Wednesday, March 23 General Mills (NYSE:GIS), Winnebago (WGO) and EVgo (NASDAQ:EVGO).
Thursday, March 24 Darden Restaurants (DRI) and Nio (NIO).
Friday, March 25 JinkoSolar (NYSE:JKS).
The past week was a winner overall for the U.S. Stock Market indicating investors remain bullish on the U.S. economy in the face of rising oil and runaway inflation. The S&P 500 rose 6.2% last week, its best performance since November 2020, after the Federal Reserve raised interest rates for the first time since 2018.
“The U.S. is a safe haven in an increasingly unsafe world,” said Jim McDonald, chief investment strategist at Northern Trust, which was managing $1.6 trillion at the end of 2021. Fed Chairman Jerome Powell is set for a speech on Monday – watch for significant swings as he speaks which is nothing new.
What is the resounding story – paradigm for the markets? Volatility