M Notes: Mon, 4-14
| Weekly close: 4-11-25 | + (-) | % | |
|---|---|---|---|
Dow | 40,213 | +1,898 | +5.0% |
S&P | 5,363 | +289 | +5.7% |
Nasdaq | 16,724 | +1,136 | +7.3% |
10-year | 4.50 | +0.50 | +12.5% |
Oil | 61.48 | -0.84 | -1.3% |
LAST WEEK:
Markets: They rebounded last week on what appears to be a softening of Tariff policy by Trump.
S&P roller coaster last week: Down, Down a lot, Up really significantly, Down significantly, an Up a lot.
Fed Balance Sheet: $6.727 Trillion.
Fed Minutes: The tone of the latest Minutes (from the Fed Meeting three weeks prior) was a concern that Trump’s Tariffs could cause ongoing Inflation. Their interest rate remained at 4.25%-4.50%, with three ¼% cuts planned by December.
Inflation: Consumer Inflation (the CPI) dropped in March from 2.8% down to 2.4% Y/Y. Wholesale Inflation (the PPI) dropped from 3.2% down to 2.7% Y/Y.
Jobless claims: The weekly number came in at 223,000. The four-week average came in at 223,000.
National Debt: $36.723 Trillion. (It’s going up about $29 Billion/week.)
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THIS WEEK:
Focus of the week: It’s a quiet week for economic data updates, but all Market attention is still on Tariffs.
Calendar: Retail sales, industrial production (Wed); Housing starts, jobless claims (Thu).
Earnings: A new earnings season gets underway this week. Some of the companies reporting: Abbott Labs, American Express, Bank of America, Blackstone, Citigroup, Goldman Sachs, Johnson & Johnson, Morgan Stanley, Netflix, PNC, Taiwan Semi, UnitedHealth, and Volvo.
Holiday: US Markets will be closed on Friday (Good Friday).