Mr. Fibs - 4/8/24 Market Analysis

CPI and PPI Week: Does the market see inflation the same in Q2 2024?

Good morning traders and investors. This week we have A huge week as far as the economic calendar goes. We had e CPI, PPI, retail sales, and consumer sentiment. We don't have much for notable earnings this week as we wait for earnings season to pick up. We do have some retail sector earnings this week, so I would pay attention to those. DAL, KMX, and the financial sector names on Friday are the most interesting.

Earnings Calendar

As far as levels and updates, not too much of an update to start the week. For me it is likely a more day trading environment/trading high probability setups that I see confluence in the options flow with. I will give you all a quick plan and some ideas, but otherwise I'm sticking with most of what we have analyzed in the price action so far.

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Economic Calendar

MONDAY, APRIL 8

1 pm Chicago Fed President Austan Goolsbee radio interview

7:00 pm Minneapolis Fed President Neel Kashkari speaks

TUESDAY, APRIL 9

6:00 am NFIB optimism index

WEDNESDAY, APRIL 10

8:30 am Consumer price index

8:30 am Core CPI

8:30 am CPI year over year

8:30 am Core CPI year over year

8:45 am Fed Gov. Michelle Bowman speaks

10:00 am Wholesale inventories

12:45 pm Chicago Fed President Austan Goolsbee speaks

2:00 pm Minutes of Fed's March FOMC meeting

2:00 pm Monthly U.S. federal budget

THURSDAY, APRIL 11

8:30 am Initial jobless claims

8:30 am Producer price index

8:30 am Core PPI

8:30 am PPI year over year

8:30 am Core PPI year over year

8:45 am Fed Gov. Michelle Bowman speaks

12:00 pm Boston Fed President Susan Collins speaks

12:45 pm Chicago Fed President Austan Goolsbee speaks

1:30 pm Atlanta Fed President Raphael Bostic speaks

FRIDAY, APRIL 12

8:30 am Import price index

8:30 am Import price index minus fuel

10:00 am Consumer sentiment (prelim)

2:30 pm Atlanta Fed President Raphael Bostic speaks

3:30 pm San Francisco Fed President Mary Daly speaks

Levels and Analysis