Lull Before Earnings Season| Morning Express | 1/23/2023
Posted: Jan. 23, 2023, 11 a.m.
- Do not miss our Top Things to Watch this Week, out every Sunday.
- This week’s topic, Is Growth Following Inflation Lower?
- Another terrific supportive chartbook covering Growth, Inflation, and Corporations.
- China began its weeklong Lunar New Year celebration yesterday and will remain closed through the end of the week.
- The FOMC began its pre-meeting blackout period on Saturday.
- Next Wednesday, the Fed will conclude a two-day policy meeting and is expected to hike interest rates by 50bps with a 99.8% probability.
- Today’s economic calendar is quiet, but tomorrow we look to Flash PMIs from the Eurozone, U.K., and U.S.
- Moving into the thick of earnings season
- Tomorrow, J&J, Danaher, Verizon, Union Pacific, and more report before the bell
- Microsoft and Texas Instruments after the bell tomorrow.
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E-mini S&P (March) / NQ (March)
S&P, yesterday’s close: Settled at 3988.50, up 73.00 on Friday and down 29.75 on the week
NQ, yesterday’s close: Settled at 11,677.00, up 320.50 on Friday and 69.00 on the week
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NQ (March)
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Crude Oil (March)
Yesterday’s close: Settled at 81.64, up 1.03 on Friday and 1.53 on the week
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Gold (February) / Silver (March)
Gold, yesterday’s close: Settled at 1928.2, up 4.3 on Friday and 6.5 on the week
Silver, yesterday’s close: Settled at 23.935, up 0.65 on Friday and down 0.437 on the week
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Silver (March)
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