Your Trading Week Ahead — March 6th

Welcome to Your Trading Week Ahead for March 6th. Here’s what you need to know before you go…

Quick recap

Volatility continued across equity markets last week amid escalating Russia-Ukraine tensions and Jerome Powell’s inflation testimony to Congress. The latter sent indices higher Wednesday after the Fed Chairman indicated he was “inclined” to support a slower rate increase to ease potential economic ramifications resulting from the conflict in Europe.

But the rally was short-lived. After opening at a high of $441.54 Thursday morning, the SPDR S&P 500 ETF Trust (SPY) traded as low as $428 the following day.

When all was said and done, the S&P 500 closed the week lower by 1.28% at 4,328. The Dow finished down 1.30% at 33,614. Tech stocks were hit the hardest, as the Nasdaq closed down 2.78% at 13,313.

While traders will continue eyeing the developing situation in Ukraine, there are other events you should be aware of in the week ahead.

What to watch this week

CPI inflation data

The Bureau of Labor Statistics’ Consumer Price Index (CPI) print is due Thursday morning, giving us a fresh look at inflation. Another red-hot reading is expected, with consensus economists anticipating February’s data to show a 7.9% increase year-over-year — up from January’s rise of 7.5%.

Earnings roundup

Earnings season continues with another packed week of popular stocks. We’ll hear quarterly data from DocuSign (DOCU), CrowdStrike (CRWD), JD.com (JD), Ulta Beauty (ULTA), Oracle (ORCL), Rivian Automotive (RIVN), Blink Charging Co. (BLNK), and Petco (WOOF) highlight the week ahead.

Here’s a full break down of stocks reporting:

Economic calendar

There are several events on the calendar this week with the potential to move markets. Here’s some of the most important things to watch:

• Consumer credit (Jan.) – Monday at 3pm ET
• NFIB small-business index (Feb.) – Tuesday at 6am ET
• Foreign trade deficit (Jan.) – Tuesday at 8:30am ET
• Wholesale inventories (Jan. revision) – Tuesday at 10am ET
• Job openings & job quits (Jan.) – Wednesday at 10am ET
• Initial and continuing jobless claims – Thursday at 8:30am ET
• Consumer price index + YoY (Feb.) – Thursday at 8:30am ET
• Core CPI + YoY (Feb.) – Thursday at 8:30am ET
• Real domestic nonfinancial debt (SAAR) Q4 – Thursday at 1pm ET
• Real household wealth (SAAR) Q4 – Thursday at 1pm ET
• Federal budget deficit (Feb.) – Thursday at 2pm ET
• University of Michigan consumer sentiment index (preliminary Mar.) – Friday at 10am ET
• Five-year inflation expectations (preliminary Mar.) – Friday at 10am ET

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