Author: Zac Martin, Investment Associate
Week Ending April 5th – Eclipsed
- Fed Governor Kashkari sees a possibility where no rate cuts occur; markets sold off on this news. CME Fed Watch sees a 53% chance of a cut in June v. 60% chance a week ago.
- ISM PMIs both services and manufacturing reported above 50, with manufacturing posting a positive surprise and services missing expectations.
- JOLTS for February reported little change in the number of open jobs and quit rate. Strongest increase in job openings; Finance, State/ Local Government & Recreation. Strongest decrease in quits: Transportation, Warehousing & Utilities.
- Non-Farm Payrolls & Unemployment rate for March reported strong results. Jobs added were 98K above analyst expectations, totaling 303K. Unemployment rate dropped down to 3.8%
The week ahead:
- CPI for March (4/10)
- FOMC minutes for March meeting (4/10 @2pm EST)
- PPI for March (4/11)
- Start of Q1 Earnings Season – BLK, JPM, WFC & STT (4/12)
HORAN Capital Advisors, LLC is an SEC registered investment advisor. The information herein has been obtained from sources believed to be reliable but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results. Market conditions can vary widely over time and there is always the potential of losing money when investing in securities. HCA and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only and is not intended to provide and should not be relied on for tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.