The Coming Stock-Crash Catalysts [Mark THESE Dates - April 2023]
FULL TRANSCRIPT
over the next two weeks we have a lot of
catalysts coming up let's talk about
exactly what dates you should be paying
attention to will specifically take a
look at jobs a CPI let's look at some
pre and early projections for some of
these numbers if they're out we've got a
joltz report coming out let's see what
some of the surveys are for this let's
go through all of this do keep in mind
that on April 4th we will uh really be
starting another earnings season so
April 4th stay tuned we're going to be
looking at uh some of the small
companies has really really nothing too
big on April 4th just yet but we're
going to get uh Simply Good Foods we'll
get some steel reporting on on the fifth
on the sixth which is next Thursday in
terms of record reporting we'll get
WD-40 Levi Strauss I like like looking
at those kinds of companies to see where
the consumer's heads are and where
inflation is more interestingly we'll
probably be on the 11th we'll get CarMax
Albertsons are we still seeing those
food prices move up how about those used
car prices how are they affecting
margins because it seems like used car
prices are falling but wholesale prices
are actually Rising so dealers are
potentially looking at negative numbers
you've got Rent the Runway on the 12th
you've got Delta Airlines Progressive
Fastenal on the 13th then on the 18th is
actually when you start getting the
banks reporting that's when things are
really going to get entertaining
especially since they're going to show
us the numbers for the banking crisis
we'll have a lot of banking commentary
between the 18th and the 20th we'll get
Bank of America Johnson Johnson Goldman
Sachs Bank of New York Mellon those will
report on uh Tuesday Johnson and Johnson
will be very interesting in terms of
evaluating industrial inflation how's
that wage price spiral again that's the
18th then of course we get our leading
tech company we get Netflix also on the
18th on the 19th then we get into like
the Morgan Stanley's the citizens
Financial IBM Zions Bank American
Express on Thursday with Dr Horton and
Nokia as well as Blackstone and uh and
and Associated bancorps so we'll be
getting a lot of financial information
really the week of the 18th I think more
interesting for next week is going to be
the jobs report so really probably for
the next week we're going to be mostly
having uh we'll mostly be putting
earnings on the table uh and paying a
little less attention to earnings for
next week it'll be more fascinating to
see what happens with jobs so let's take
a look at what we've got on the third
which is tomorrow we'll get ISM
Manufacturing and prices paid surveys
survey suggests that prices paid will
come down slightly to 51.1 that is still
in the expansion territory but down from
51.3 in the prior we'll get uh some
commentary on ISM employment remember
this is the institute for supply side
management this is really sort of what
comes before Consumer Price inflation
right
we'll get manufacturing pmis on uh
Monday morning as well uh those are the
manufacturing purchase manager industry
numbers expecting slight contraction
there at 49.3 construction spending is
expected to be flat month over month on
the fourth we'll get Factory orders
expecting those to be down half of a
percent we'll also on the fourth be
getting the jolts that is the job
openings and labor turnover survey that
number has consistently been above 10
million that is regularly a surprised to
the upside the last release was at about
10.824 million the next survey is for a
10.5 handle I'd write that one down
that'll be on the fourth 10.5 stocks
likely to move on the jolts and of
course if we get a big move on ISM
prices paid uh to the upside there could
be some downside risk in in stocks on
the fifth we'll be getting the s p
Services PMI purchases managers index
that'll be very important because
obvious nicely most folks expect that
inflation is stickiest in the service
sector that is expected to come in at a
match for the prior release of last
month so February and March expected to
match at 53.8
and that is again the same as a prior
release
then on the fifth we'll also be getting
the ism prices paid this is uh this is
the services prices paid so on Monday we
get ISM Manufacturing prices paid and on
Tuesday we'll get ISM Services prices
paid no forecast yet for that on
Thursday the 6th we will be getting
continuing jobless claims we're
expecting those to come in at two
hundred thousand they've regularly been
at about 200 000 for uh for new claims
and continuing claims the prior release
sat at about
1.689 million for continued unemployed
individuals that number shrank last time
a little bit we'll see how it comes out
uh this month
then uh and and before we keep going
down this list here obviously I should
always remind you that on the 12th the
prices will be going up for the lifetime
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okay so then we've got on uh the seventh
we're going to be looking at that change
in non-farm payroll this is our jobs
report we'll also be getting we should
be getting ADP on Wednesday let me look
at ADP first ADP is expecting that's the
private version of the jobs report we're
looking at about a 210 000 expectation
down from 242 000 jobs that's a
Wednesday for the ADP report and then
Friday we'll be getting the change in
non-farm payroll that is looking like
240 is the survey the last payroll
report brought us in at a 311 000 we now
expect to sit at 240 000 so nice sort of
shrinkage in that jobs growth obviously
coming off those crazy numbers we had in
January probably heavily due to seasonal
adjustments where we were sitting around
500 000 job gains however we will also
be very closely looking at average
hourly earnings average hourly earnings
in the prior release came in at point
two percent the survey now says 0.3
percent that is a little bit of a bump
up to an annualized rate of 3.6 percent
for average hourly earnings it's a
little aggressive we'd like to see that
come in soft then of course the next
data set that we'll really be waiting
for is the CPI report we do have some
surveys for CPI first though on the 10th
we'll be getting a wholesale trade month
over month we don't even have a survey
for that and we'll be getting wholesale
inventories uh no survey for that either
that'll be on the 10th on the 11th we'll
get small business out optimism and then
there we go it is April 12th April 12th
by the way is also a day we'll be
getting the fomc meeting minutes
so what is the forecast for CPI month
over month for March keep in mind that
March will have a lot of funky
expectations given we had a banking
crisis and potentially reduced spending
during the banking crisis CPI month over
month in March for the data release on
April 12th is looking like it's expected
to be down from the prior report of 0.4
month over month 2.3 percent that would
be good point five percent uh it was the
prior release for core month over month
that's expected to shrink to 0.4 percent
uh however the year over year number uh
not clear yet the prior release was six
percent no survey on that yep however
year over year core could potentially
Accelerate from point or five point five
percent to 5.6 that wouldn't be great uh
the next day on the 13th we'll also be
getting PPI numbers we do not yet have
surveys for those with the exception of
month-over-month final demand producer
price inflation expected to be flat at
zero percent so those are the catalysts
for the next two weeks obviously the
most important are going to be jobs so
you should mark your calendar for the
following things okay Mark these are the
things I would be marking my calendar
for April 4th 10 a.m Eastern Time joltz
report
April
7th 5 30 a.m I will be live streaming to
meet Kevin report at that time you're
welcome to join uh 5 30 a.m on the
seventh jobs then I would write down
April 12th
expiration of meet Kevin's coupon code
for the amazing programs with lifetime
access on building your wealth
specifically the bundle for zero to
millionaire real estate investing and
stocks and psychology of money which
comes with my trade alerts as well
then CPI obviously you want to write
that down that's on the 12th at 5 30 a.m
on the 12th of April so those are some
of the catalysts that we're really going
to be paying attention to over the next
uh over the next two uh uh two weeks
here those are going to be quite
critical uh and uh right after these
catalysts we'll actually be going into
banking earnings uh and uh
understandably so there'll be a lot of
curiosity in terms of okay how are
things getting affected through banking
earnings so we'll be paying heavy
attention to making earnings so stay
tuned for that but this gives you a
catalyst breakdown of what to expect
over the next who count them who weeks
Kevin is my MF man but your thoughts are
going against the heads of entire five
countries fantastic points nonetheless
man these five countries can suck it
just kidding no I mean look obviously
these countries are going to be big
players over the next uh decades uh I I
would not bet against China but I'm not
going to bet on China either I'm going
to bet on America I'm going to bet on
American PB that's what I want I don't
want Chinese PP I want American people I
think American pricing power is much
larger
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