The strong seasonal trend in oil prices is well known amongst seasonal traders and, at first glance, it is quite interesting to see the contrasting seasonals of ExxonMobil which is one of the world's largest publicly traded international oil and gas companies. Initially it seems that it has a ‘stop & drop’ seasonal pattern.
With so many uncertainties ahead of the Fed meeting it can be very helpful to see the reaction of the S&P500 over the last 5 years out of Fed meetings! The bias for heavier selling is clearly there, so this can help frame expectations on a surprise hawkish decision.
Microsoft announce their earnings this week after the close on Tuesday and the earnings are worth looking at closely. Over the last 25 years Microsoft’s seasonals are very weak during the upcoming period.
This week stock markets in Hong Kong and mainland China saw snap gains on reports that the government might provide support. There are reports about a huge fund (worth about 2 trillion Chinese Yuan or around $278 billion) to stabilise the markets. This intervention was not unexpected as stock prices were getting close to the lowest point in 2022.
Is the US economy bulletproof? That’s what the recent price action in US stock markets has been saying. With the US economy showing a strong jobs markets, decent GDP, a low unemployment rate, and inflation starting to fall - the idea of a soft landing could be replaced by a ‘no landing’!
Over the last 13 years Tesla has seen an average return of 5% between the 22nd of Jan and the 5th of February. After the close on Wednesday Tesla’s earnings will be released. Will we see a surprise upside beat? In 2023 and 2020 Tesla’s share prices gained over 20%.
Platinum is sitting at a very key support level, just as the seasonal pattern looks promising. The two strongest months of the year for Platinum are in January and February. From January 30th through to February 18 there is an average return of 2.55% for Platinum and a 75% winning trade percentage.
The Nasdaq has a weak seasonal time of the year into the middle of March over the last 25 years. Despite having a winning seasonal outlook form a percentage point of view - the average decline is nearly 1.5% from Jan 18th through to March 13
Today is the Federal Reserve’s hotly anticipated interest rate meeting. Expectations in short-term interest rate markets are for the Federal Reserve to cut interest rates four times next year. Now this seems a very dovish expectation.
Will Charles Schwab’s shares fall out of the earnings release again today? The Charles Schwab Corporation, an American multinational financial services company, provides a range of services encompassing banking, commercial banking, investment services, and related offerings such as consultancy and wealth management advisory services.
