Monday Market Must-Knows: April 10, 2023

Can S&P and NASDAQ's streak last?

In the month of July, the S&P, NASDAQ, Russell, Dow, gold, and silver have all seen significant gains, possibly maintaining their positive trend unless a terrible Monday on the 31st affects it. The S&P and NASDAQ have shown five consecutive months of gains, indicating a strong market at the moment. The upcoming trading week will be driven by earnings reports, with over 1,600 companies, including big names like Apple, Amazon, Alibaba, and more, reporting their financial performance. Expectations are high for Thursday when Apple and Amazon announce their results, potentially causing market swings.

Interest rates, specifically decisions by central banks like the Federal Reserve, are also a major market driver. Speculation surrounds whether the Federal Reserve will pause or continue raising rates. Other banks worldwide, such as the Reserve Bank of Australia and the Bank of England, have rate announcements coming up as well.

Jobs data will also influence the market, with several job-related reports scheduled throughout the week, impacting market volatility, particularly on Friday. Unemployment rates have been declining, and the current rate of 3.6% indicates a historically low level of unemployment.

Overall, the week is expected to be volatile, with earnings reports, interest rate decisions, and jobs data playing crucial roles in shaping market trends.

As always, if you’re in the markets, make sure you have a trade plan. Join us for a FREE introductory class. Learn about tools & rules for trading with confidence-so you can stay one step ahead of market volatility. Stay Informed, Start Knowing Today!