M Notes: Mon, 4-28
| Weekly Close: 4-28-25 | + (-) | % | |
|---|---|---|---|
| Dow30 | 40,113 | +971 | +2.5% |
| S&P500 | 5,525 | +242 | +4.6% |
| Nasdaq | 17,383 | +1,097 | +6.7% |
| 10-year | 4.26 | -0.07 | -1.6% |
| Oil | 63.24 | -1.44 | -2.2% |
LAST WEEK:
Markets: As Trump de-escalated his concerns regarding Fed Chair Powell, Markets sharply rebounded last week.
S&P roller coaster last week: Down significantly, Up significantly, Up a lot, Up significantly, and Up.
Durable goods orders: They were up +9.2% in March, significantly beating the consensus of +1.4%. DGs are up +11.9% Y/Y.
Fed Balance Sheet: $6.727 Trillion. (It stayed the same, again.)
Housing: New home sales went up +7.4% in March and are up +6.0% Y/Y. Existing home sales went down -5.9% and are down -2.4% Y/Y. Two weeks ago, Starts dropped -11.4% in March, but were up +1.9% Y/Y.
Jobless claims: The weekly number came in at 222,000. The four-week average came in at 202,000.
National Debt: $36.781 Trillion. (It’s going up about $29 Billion/week.)
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THIS WEEK:
Focus of the week: It comes on Friday morning, when we get the April Jobs and Unemployment numbers. Coming off of March’s 228,000 jobs, April is expected to come in at 130,000. The U3 (there are 6 numbers provided every month) is expected to remain at 4.2%.
Calendar: The first read on March’s Trade Deficit (Tue); the first read on Q1 GDP (Wed); the ISM Manufacturing index, jobless claims (Thu); and the new Jobs and Unemployment numbers (Fri).
Earnings: Some big names are reporting this week: Amazon, Apple, Berkshire Hathaway, Caterpillar, Chevron, Coca-Cola, CVS, Eaton, Eli Lilly, Exxon Mobil, Mastercard, McDonald’s, Meta, Microsoft, Parker Hannifin, Pfizer, Qualcomm, Shell, Sherwin Williams, Starbucks, UPS, Visa, and Waste Management.