Busy Week Ahead for Earnings and Economic Data

Markets brace for a busy week of economic data and earnings

Highlights

• Markets brace for a busy week of economic data and earnings

• Trade War Costs U.S. Households $2,600 in lost real purchasing power

• Trump’s approval hits historic low; first 100 day equity performance worst since 1974

• Retail shipments from China stall, affecting U.S. imports and jobs

Key Takeaways

• Profit Guidance Under the Microscope: This week, the stock market faces a key test as about 180 S&P 500 companies — or 40% of the index’s market value — report their earnings results for the latest quarter. The flurry of pre-tariff spending has led the consensus to a +9.7% YoY expected profit performance, which is higher than the estimates published when the quarter began. The problem has been with the negative guidance, and this is what investors will be keying on the most.