Overview:

The purpose of this article is to provide some insight into potential upcoming trades and portfolio management across several markets.

Cryptos:

The pullback in cryptos was not expected as we have mentioned many times that bottoming is a process not an event.  This is especially true after a long period of a range bound market where sentiment quickly shifts.

Stocks:

With NFP knocking it out of the park, the FED taking a more cautious approach, we enter the first week of earnings.  Tuesday we get JPM and WFC which will provide some insight into corporate loan levels which is often an indicator as to borrowing for expansion.  On Thursday we have Fastenal, Taiwan Semi, and PPG industries, which should provide some insight into the economy with construction, auto as well as semi-conductors.

Next week we really kick off earnings season so expect some choppiness throughout the week.  With the European Union showing some initial signs of a recession and the Nifty showing some signs of exhausting, we are going to be patient and wait to see what the banks have to say as they start to report.  Next week is when we start getting better insight into earnings and the economy from company reports.

 

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