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Market Update: Mon, Apr 8, 2019

Market Update: Mon, Apr 8, 2019

| April 08, 2019
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Market Update: Mon, Apr 8, 2019 | LPL Financial Research


Daily Insights

First quarter earnings season kicks off this week and the bar seems low. Consensus estimates for first quarter earnings season are calling for a slight year-over-year decline in S&P 500 Index earnings amid the economic soft patch at the start of the year. The one-year anniversary of the tax reform earnings boost in the first quarter of 2018 has made the annual comparison more difficult. We expect roughly flat earnings for the quarter, but the streak of seven straight quarters of earnings growth could come to an end. In today’s Weekly Market Commentary, we preview the upcoming earnings, highlight some key themes, and share some thoughts on the outlook for corporate profits in 2019.

Signs of spring. A chilly winter is finally behind us, and flowers are starting to bloom. The U.S. economy kicked off the year with a disappointing first quarter as consumers and businesses weathered symptoms of a global slowdown. Thankfully, seasons change, and in this week’s Weekly Economic Commentary, we’re highlighting signs of a thawing in economic data.

Lucky 7. Seven has been a lucky number for U.S. stocks. The S&P 500 just notched its first seven-day winning streak since October 2017, a feat that has occurred just seven other times in the current bull market. On the LPL Research blog later today, we’ll explain the S&P 500’s bullish tendencies after long winning streaks, and if we think equities could follow the same path.

Week ahead. This week marks the unofficial start of earnings season, with several major banks set to report on Friday. The economic docket will bring U.S. consumer and producer prices, along with the minutes from the most recent Federal Reserve meeting. Abroad, trade figures out of China and Germany, which has seen a recent slump in exports, are among the data to monitor. Also, the European Central bank meets, and the U.K.’s Brexit deadline looms but an extension is likely. Track these and other important events on our Weekly Global Economic & Policy Calendar.

Weekly Market Drivers: For a quick recap of last week’s market drivers, which included: U.S.-China trade progress, (relatively) upbeat economic data, and some easing of the yield curve inversion, check out Friday’s Weekly Market Drivers post on the LPL Research blog.


Click Here for our detailed Weekly Economic Calendar



  • Japan PPI Report (Mar)


  • CPI Report (Mar)
  • FOMC Meeting Minutes (Mar)
  • UK Industrial Production (Feb)
  • European Central Bank Rate Decision (Apr)
  • China CPI Report (Mar)
  • China PPI Report (Mar)
  • China Foreign Direct Investment (Mar)


  • PPI Report (Mar)
  • Initial Jobless Claims (Apr. 6)
  • Germany CPI Report (Mar)
  • China Exports (Mar)
  • China Trade Balance (Mar)
  • China Imports (Mar)


  • Import Price Index (Mar)
  • Export Price Index (Mar)
  • University of Michigan Sentiment Index (Preliminary, Apr)
  • Eurozone Industrial Production (Feb)


The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual security. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. The economic forecasts set forth in this material may not develop as predicted.

All indexes are unmanaged and cannot be invested into directly. Unmanaged index returns do not reflect fees, expenses, or sales charges. Index performance is not indicative of the performance of any investment.

Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments.

All company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. LPL Financial doesn’t provide research on individual equities.

All performance referenced is historical and is no guarantee of future results.

This research material has been prepared by LPL Financial LLC.

To the extent you are receiving investment advice from a separately registered independent investment advisor, please note that LPL Financial LLC is not an affiliate of and makes no representation with respect to such entity.

The investment products sold through LPL Financial are not insured deposits and are not FDIC/NCUA insured.  These products are not Bank/Credit Union obligations and are not endorsed, recommended or guaranteed by any Bank/Credit Union or any government agency.  The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.

Index data obtained via FactSet


For Public Use – Tracking # 1-840447 (Exp. 4/20)

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