May 31, 2020

Increased chatter of a 10+% decline

Index & Sector performance 4/3/14

The Market:

A pre-market pop in the S&P 500 emini sent the index as high at 1887.50ES but that move was short lived and the index was trading lower by the open and continued lower throughout the early and midday trading sessions.  It wasn’t until the afternoon trading when the S&P bottomed and marched higher into the close.  The emini has continued higher in after hours trading closing in on the pre-market highs essentially negating the entire move lower in today’s session.

It is worth noting that the ECB left rates unchanged and noted they are open to further easing and China announced a stimulus package including new rails, subways, small business tax breaks and low income housing.

All  eyes will be on the Non-Farm Jobs number and Unemployment rate which come out at 8:30 am EST tomorrow.  There has been increased chatter in the media lately regarding a pullback of 10+%.  We will be watching to see if tomorrow acts as a catalyst to confirm or refute those claims.

Economic Calendar week of 3/31/14

Reporting EPS 4/4/14 Pre-Market:

Companies Reporting EPS 4/4/14 pre-market

Analyst Comments:

Upgrades 4/3/14

Downgrades 4/3/14

Initiations 4/3/14

Price Target Changes 4/3/14


The Game Plan:

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