Except for the pullback in the equity markets on Friday, this past week was pretty uneventful. I guess I should say uneventful except for small cap stock investors. Much has been written about the small cap weakness year to date and whether it is a precursor to broader market weakness ahead. For the week, small caps were down .6% and is the only major U.S. index down year to date, i.e., down 1.6%.
For the coming week investors will need to navigate a slew of economic and earnings reports. I think Bespoke Investment Group sums it up best in their recent commentary noting,
“[the coming] week is set to be crazy. In addition to earnings reports from more than 800 companies, there is a massive slew of economic data hitting the tapes. In a quirk of the calendar, we get GDP, an FOMC decision and NFP...all in 48 hours between Wednesday and Friday. Topping that off is an abundance of other indicators covering services, manufacturing, housing and the consumer. Oh and if the volatile earnings and economic data wasn't enough for you, there are Treasury auctions galore: 3 month bills, 6 month bills and 2 year notes on Monday, 4 week bills and 5 year notes Tuesday, and finally 2 year floating rate notes and 7 year notes Wednesday. In other words, get some R&R this weekend because next week will be anything but a snoozer.”
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| From The Blog of HORAN Capital Advisors |
Source: Bespoke Investment Group
Below is the link to our magazine for the week ahead.
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