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Good morning!
Markets had a rebounding run last week, with the S&P 500 notching its longest daily positive streak since January, thanks in part to President Trump backing off on pressuring Fed Chairman Jerome Powell and hinting at leniency on some newly-imposed tariffs. Here's what's happening this week...
| | | | Have cash or cash equivalents earning nothing or next-to nothing? It's a great time to invest in U.S. Treasury Bills, a short-term investment with little risk and easy liquidity. We'll post current rates of return here each Tuesday. Want to put your money to work? Call a Miramontes Capital advisor today! | | |
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More than 1,000 companies report earnings this week, including some significant potential market movers. Reporting this morning are Visa, Coca-Cola, Novartis, AstraZeneca, HSBC Holding, S&P Global, Pfizer, Honeywell, and Spotify, followed Wednesday by Magnificent 7 members Microsoft and Meta (Facebook), as well as Qualcomm, Caterpillar, and Automatic Data Processing. The hits just keep on coming Thursday with numbers due from Apple, Amazon, Eli Lilly, Mastercard, McDonald's, and Shell, followed Friday by Berkshire Hathaway, Exxon Mobil, Chevron, and the Cigna Group. *
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The Fed's preferred inflation gauge, core PCE (Personal Consumption Expenditures) is released Wednesday. Economists expect data for March to indicate a 2.5% rise year-over-year, down from February's 2.8%, and inching closer to the Fed's target of 2%. Month-over month estimates are for a 0.1% rise, down from February's 0.4%. Core PCE excludes the volatile categories of food and energy. **
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On Friday, the U.S. jobs report for March is expected to show that payrolls grew 130,000 in March, down from 228,000 in February. The unemployment rate is expected to remain unchanged at 4.2%. Any direct correlation between the new administration's tariff policies and U.S. unemployment is likely still several monthly reports away. ***
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| | | Investment Advisory Services offered through Miramontes Capital, LLC. Securities offered through Balanced Security Planning, Inc. Member FINRA/SIPC. Miramontes Capital, LLC and Balanced Security Planning, Inc. are separate companies affiliated through common control. This newsletter is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Miramontes Capital, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Miramontes Capital, LLC unless a client service agreement is in place. | | | | |
