The Week Ahead March 7, 2021

Mar 7, 2021 | The Week Ahead

  • The week ahead will start off with the news over the weekend of the Senate passing Biden's $1.9 trillion stimulus
  • This was expected however there will be a positive response on Monday
  • All eyes will be on the US CPI and PPI economic reports this week as a gauge of inflation
  • This could put more pressure on the bond market
  • The ECB meeting on Thursday will need more than the recent jawboning
  • It's a thin week with earnings reports
  • US equity bullish sentiment readings held the 50% important level and bounced on Friday
  • The USD bullish sentiment has moved to the highest level in months and could break through the 50% this week
  • Please read my friend Ken Grant's note which has nothing to do with the markets following this email