US equities action is about to heat up (despite the polar vortex covering most of the country in a deep freeze) with earnings season kicking off tonight

Jay Soloff

Argonath Financial

US equities action is about to heat up (despite the polar vortex covering most of the country in a deep freeze) with earnings season kicking off tonight. Alcoa (AA) gets things started as usual and will provide some insight into demand for industrial metals. In the meantime investors are trying to digest recent jobs data in anticipation of tomorrow's non-farm payrolls release. Jobless claims dropped by 15,000, which is another signal (along with yesterday's ADP number) that the December unemployment number could be better than expected. Nevertheless, investors appear to be concerned the good jobs news will encourage the Fed to increase the rate of tapering. Not to mention, the latest Fed minutes show some officials are seeing diminishing economic benefits from the bond buying program. So will a good jobs number weigh on the market? We'll find out tomorrow.


3 topics

Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment