A Busy Holiday-Shortened Week

The focus this week for investors and traders is on economic data, earnings, and geopolitics, and it only takes a market minute to get ahead of what you should be dialed in on.

First up, in terms of markets, we begin the week with a negative tone. Asia closed lower and U.S. Futures are suggesting a weak open on COVID concerns with higher case counts in China, raising worries about further lockdowns. We have crude oil futures around $80 to begin the week after losing more than 10% last week. Keep an eye on the U.S. Dollar if stocks continue to sell off, as they’ve been the source of support for the greenback this year. 

As far as economic data this week we have some regional Fed activity, Durable Goods Orders, Jobless Claims, MBA Mortgage Applications, New Home Sales, Consumer Sentiment, and the Fed Minutes from the meeting earlier this month.

In terms of companies reporting quarterly results, the focus will be on Zoom Video (ZM), Dell (DELL), Best Buy (BBY), Dick’s Sporting Goods (DKS), Baidu (BIDU), Nordstrom (JWN), Dollar Tree (DLTR), HP (HPQ), and Deere & Co. (DE), to name a few. 

Lastly, bitcoin futures looks like they’ll open lower to begin the week at around—or just below—16K as dust settles from the FTX disruption.

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