Each week in the Monday Morning Kickoff, our goal is to help investors like you get ready for the trading days ahead. Well, hope you rested up this weekend, because with all that’s on tap in the next 5 days, it promises to be a barn-burner of a week:
- We’ve traced here before the recent correlation between the market performance and oil prices. Oil seesawed quite a bit last week, and the market followed, but just how much more of a rally oil can have, given what we’re seeing in the economic data. Read more . . .
- While some may see the S&P 500 climbing 2% over the last month, we see it trading at 17.5x expected 2016 earnings for the S&P 500 that are up all of 2% year over year (and that’s including the impact of share repurchase programs). For perspective, that 17.5x figure is well above the 5-year and 10-year averages. Read more . . .
- The velocity of corporate earnings picks up significantly this week as we have more than 1,000 companies reporting, compared to “just” 400 or so last past week.
- On the economic data front this week, we’ve got March data for New Home Sales, Durable Orders, Consumer Confidence, Personal Income & Spending that will serve as some of the last puzzle pieces for the March quarter. Read more . . .
Monday Morning KickOff 04-25-2016
