It may be Friday the 13th tomorrow, but there’s no economic-related issues that should cause any alarm.
The US economic calender will present the preliminary UMich consumer sentiment for the day of Friday. I maintain that this is an unreliable indicator which mainly reflects political sentiment. Lately, I sense that the animosity towards Washington has been slightly lessened, so perhaps the outcome will exceed expectations.
The only other factor to consider is the import/export price report; however, it has no influence on the market.
Speeches from the Federal Reserve could be heard from Harker and Kashkari.
The US premarket yields considerable significance, with such earnings as:
- JPMorgan Chase & Co.
- Bank of America Corp.
- Citigroup
- Wells Fargo & Co.
- Delta Air Lines
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Jamie Dimon, the CEO of JPMorgan Chase, is often vocal about the economic climate and so I am expecting Delta Airlines to mirror the optimistic prognosis given by American Airlines.
