MONDAY: Oil continues weaker to start the week, but the market continues fairly resilient as the week ends with another Employment Situation Report after digesting more, but relatively unimportant earnings
TUESDAY: After 6 straight losing days, but without much of a cumulative decline, futures are again pointing mildly lower, even a news of a Japanese economic stimulus fails to stimulate
WEDNESDAY: A decent sized loss yesterday extended the streak to 7 days and it may continue today, although for a change oil is moving higher. The real impetus for anything may still have to wait for Friday’s Employment Situation Report, though
THURSDAY: Finally a gain, although a small one, came yesterday, as markets followed the rally in oil, just as they followed oil lower the day before. Today looks like it will get off to a flat start unless the Bank of England stuns the world
FRIDAY:. Employment data may loom larger than normal as we could find out today which of the past 2 month’s worth of statistics was more reflective of reality. In turn, we could get more information on when interest rates may be raised in the event of a strong showing in either direction.
“SNEAK PEEK AT NEXT WEEK” APPEARS ON FRIDAYS