Lull Before Earnings Season| Morning Express | 1/23/2023

Posted: Jan. 23, 2023, 11 a.m.

  • Do not miss our Top Things to Watch this Week, out every Sunday.
  • China began its weeklong Lunar New Year celebration yesterday and will remain closed through the end of the week.
  • The FOMC began its pre-meeting blackout period on Saturday.
  • Next Wednesday, the Fed will conclude a two-day policy meeting and is expected to hike interest rates by 50bps with a 99.8% probability.
  • Today’s economic calendar is quiet, but tomorrow we look to Flash PMIs from the Eurozone, U.K., and U.S.
  • Moving into the thick of earnings season
    • Tomorrow, J&J, Danaher, Verizon, Union Pacific, and more report before the bell
    • Microsoft and Texas Instruments after the bell tomorrow.

 

     
     

E-mini S&P (March) / NQ (March)

 

S&P, yesterday’s close: Settled at 3988.50, up 73.00 on Friday and down 29.75 on the week

NQ, yesterday’s close: Settled at 11,677.00, up 320.50 on Friday and 69.00 on the week

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NQ (March)

 

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Crude Oil (March)

Yesterday’s close: Settled at 81.64, up 1.03 on Friday and 1.53 on the week

 

 

 

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Gold (February) / Silver (March)

Gold, yesterday’s close: Settled at 1928.2, up 4.3 on Friday and 6.5 on the week

Silver, yesterday’s close: Settled at 23.935, up 0.65 on Friday and down 0.437 on the week

 

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Silver (March)

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