Goodbye To The Quarter From Hell

On Wednesday, April 4, at 8:15 AM EST, the first of the trifecta of jobs reports comes out with the ADP Employment Report, a read on private sector high.

Thursday, April 5, leads with the Weekly Jobless Claims at 8:30 AM EST, which hit a new 49-year low last week at an amazing 210,000.

At 7:30 AM, we get the March Challenger Job-Cut Report.

On Friday, April 6, at 8:30 AM EST, we get the Big Kahuna with the March Nonfarm Payroll Report. Last month brought shockingly weak figures.

The week ends as usual with the Baker Hughes Oil Rig Count at 1:00 PM EST. Last week brought a drop of 2.

As for me, I am headed up to Lake Tahoe today for spring break to catch the last of the heavy snow. After a record 18 feet in March, Squaw Valley, CA, has announced that it is keeping the ski lifts open until the end of May.







 

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Harry Goldstein 2 years ago Member's comment

Thanks John Thomas, good article. But your last 3 charts are too small for my old eyes to see.

Moon Kil Woong 2 years ago Contributor's comment

Amazon does have a bright future, however, the stock has been well ahead of current performance for quite some time. I think the pullback just brings its valuation to more reasonable levels. Look at other tech that got pulled down in the draft for now. With tech slammed, the market doesn't look too great because there is not many other places for growth that are big enough. There will be some growth in oil, some in medical bio-med although valuations are high here too, and some in robotics. However, these sectors aren't big enough to hold up a weakened tech market.

Basically the market would like to rotate but there isn't much to rotate into.

Peter Craig 2 years ago Member's comment

Flat is accurate since fluctuating between barely up and down.

Moon Kil Woong 2 years ago Contributor's comment

Flat recently, but it is has dropped significantly from January last year.