One of the great features of Seasonax is the event feature which allows us to see historic moves in instruments over key economic data releases. One data release hotly anticipated this Friday is the US labour market report on Friday.
Over the last 25 years the month of April has been the firmest month for the FTSE 100 with an average return of over 2%. However, the seasonal period of strength often begins around the middle of March and runs into the end of April.
JD.com, Inc., previously known as Jingdong and formerly called 360buy, is a large Chinese e-commerce company based in Beijing. It's one of the biggest online retailers in China for business-to-consumer transactions, making a substantial amount of revenue.
Johnson and Johnson is coming into a strong seasonal pattern now with an average return of nearly 5%. From March 01 through to May 16 share prices have gained 85% of the time over the last 20 years.
Data provided by the Shanghai Futures Exchange (ShFE) indicates that the inventories of base metals increased throughout the past week. This rise is primarily attributed to subdued consumption during the recent week-long holiday earlier this month.
On Thursday we have the Fed’s preferred measure of inflation - the PCE print. The PCE print refers to the measurement of personal consumption expenditures, which tracks the expenditure on goods and services by US citizens.
On Wednesday, after the close, salesforce.com will release its earnings. The seasonal pattern for salesforce favours selling or the month of March. Over the last 19 years salesforce has fallen around 65% of the time between March 01 and March 27.
Nvidia earnings will be in focus after the close on Wednesday Feb 21st. Investors will want to know if AI hype is still driving demand for Nvidia’s chips and they will want to see how Nvidia view future earnings as the US economy shows signs of slowing.
One of the interesting features of Seasonax is being able to look at the impact of the time of the month on various instruments. It can be surprising to note that there are significant changes in the behaviour of stocks, commodities, and indices, depending on what time of the month it is!
On Tuesday February the 13th US CPI inflation data will be announced for the month of January. Will the recent disinflationary trend be confirmed? The latest US CPI revisions on Friday are considered to be pointing towards a continued fall in US inflation, but how will markets react to Tuesday’s print?
