KN Market View 2024-05-05

#KNMarketView

Next week seems to be quiet after the Fed dovish tone and jobs data made a case for policy easing, helping markets finish on positive territory. This week, we will have Balance Trade, Inflation Rate, PMI, Manufacturing Production, Retail Sales, and Unemployment Rates for many countries.

Regarding earnings, “80% of the companies in the S&P 500 have reported actual results for Q1 2024 to date. Of these companies, 77% have reported actual EPS above estimates, which is equal to the 5-year average of 77% but above the 10-year average of 74%” link.

Natural Gas continues with its positive trend since February +11.80% WoW, while Cocoa on profit taking mode -24.85% WoW. Iron Ore +7.14% and Platinum +4.55% led metals.

Worth hearing this week's Systematic Investor podcast about commodities’ strategies link.