Three Things to Watch
- Earnings season kicks into high gear this week with major technology names Intel, IBM and Texas Instruments reporting. Tesla reports on Wednesday, and more than 160 S&P 500 constituents will release earnings for the week. Analysts continue to increase their full-year forecast for the S&P 500, which now stands at $327/share per Bloomberg consensus estimates.
- Economic data includes March retail sales and the University of Michigan consumer sentiment and inflation expectations report on Friday. Retail sales ex-autos and gas are expected to decelerate slightly but remain positive.
- Expect the start to the week to be bumpy with the news from the Middle East and the uncertainty surrounding additional talks.
Three Things to Know
- The 11.9% gain in the S&P 500 over the last three weeks was the 13th biggest three-week gain for the index since 1950. It’s the only example in the top 20 that did not occur either during a bear market or soon after a bear market low. (Source: Charlie Bilello)
- From its inception in 1957 through today, the S&P 500 has hit 1,313 all-time highs, hitting a new high once every 19 days on average. (Source: Peter Mallouk)
- While it may seem like things have been unusually volatile this year, Morningstar finds that “volatility for 2026 through April 10 registered at 15% on an annualized basis” and “15% is right about average for U.S. stock market volatility.” (Source: Neil Sethi)
The above information reflects the current opinion of the author. It is based upon sources and data believed to be accurate and reliable. Opinions and forward-looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security mentioned.