Slow Start to a Busy Week

Markets are easing investors back into the mix after the three-day weekend as European markets remain closed. US futures are trading lower this morning, while crude oil is ripping after the US will reportedly not extend Iranian oil waivers when they expire on 5/2. The economic calendar is relatively quiet today with the Chicago Fed NAI at 8:30 and Existing Home Sales at 10:00 Eastern.

You wouldn’t know it by the pace of reports today but this week and next are the two busiest of the Q1 earnings season as more than 300 companies in the S&P 500 are scheduled to report. The peak day for earnings of S&P 500 companies comes on Thursday (4/25) when 64 companies will report. Today, though, only seven companies are on the calendar. The next time there will be a day with fewer reports isn’t until May 10th!