#18/2023 - Volatile Week Ahead With Quarter Results, Fed And The Fallout After First Republic Bank

1 year ago
1

This week will likely be volatile for the market as it faces a series of tests from various events. Firstly, the fallout from First Republic Bank (FRC), Powell's, and Feds' speeches on Wednesday could have a significant impact. Secondly, the release of quarterly results by major companies such as Apple will also be closely watched. Additionally, the jobs numbers on Thursday and Friday will provide important indications about the economy's overall health.

Unfortunately, last week's GDP numbers fell below expectations, indicating that the economy may be heading toward a recession and, in the worst case, stagflation. Despite this, the Meta index performed strongly last week, pushing the index into the green zone. Conversely, most stocks on the Nasdaq had a challenging week.

In light of this, investors should remain cautious and continue to monitor the market closely. Jim plans to add Nvidia to his portfolio this week, which may offer potential growth opportunities. Stay tuned for further updates on these market events.

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