Market Action For Last Week
- S&P 500 ETF (SPY)
- Last Friday's Closing Price: $575.92
- This Friday's Closing Price: $562.81
- Point Gain/Loss: -13.11
- Percent Gain/Loss: -2.28%
- Nasdaq-100 ETF (QQQ)
- Last Friday's Closing Price: $491.79
- This Friday's Closing Price: $479.66
- Point Gain/Loss: -12.13
- Percent Gain/Loss: -2.47%
- Russell 2000 ETF (IWM)
- Last Friday's Closing Price: $205.95
- This Friday's Closing Price: $202.89
- Point Gain/Loss: -3.06
- Percent Gain/Loss: -1.49%
Upcoming Major Economic Reports and Potential Market Moving Events
- Monday, March 17
- China Industrial Production and Retail Sales
- US Retail Sales M/M
- US NAHB Housing Market Index
- Tuesday, March 18
- German ZEW Economic Sentiment
- Canada CPI Y/Y
- US Housing Starts and Building Permits
- US Import Prices
- US Industrial Production and Capacity Utilization
- Wednesday, March 19
- BoJ Policy Announcement
- FOMC Policy Announcement
- Thursday, March 20
- Australia Employment Report
- PBoC LPR (Loan Prime Rate)
- UK Employment Report
- BoE Policy Announcement
- US Jobless Claims
- Friday, March 21
- Japan CPI
- Canada Retail Sales
Upcoming Major Stock Earnings Reports
- Monday, March 17
- No major earnings reports scheduled.
- Tuesday, March 18
- Pinduoduo (PDD) - Post Market
- General Mills (GIS) - Post Market
- XPeng (XPEV) - Pre Market
- Wednesday, March 19
- No major earnings reports scheduled.
- Thursday, March 20
- Accenture (ACN) - Pre Market
- Micron Technology (MU) - Post Market
- Nike (NKE) - Post Market
- FedEx (FDX) - Post Market
- Lennar (LEN) - Post Market
- Darden Restaurants (DRI) - Pre Market
- Friday, March 21
- Carnival Corporation (CCL) - Pre Market
Market Outlook
For the next 30 days, I am neutral on the market. While there are opportunities in undervalued stocks and defensive sectors, risks such as potential economic slowdown, recession fears, and geopolitical tensions remain. The upcoming Federal Reserve meeting and economic reports will be crucial in shaping market dynamics. Investors should stay informed and consider diversifying their portfolios to mitigate risks.