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?
Disney’s earnings are due out on Thursday after the close, but the seasonals show that there is a particular weak period for Disney’s shares from the middle of February to around the middle of March.
Will Pepsi’s earnings be hit by the Middle East crisis? In the Middle East and beyond, into Pakistan, large multinational brands like Pepsi and Coca-Cola have faced boycotts due to the ongoing impact of the Israel-Hamas conflict.
There are mixed driver’s for oil right now. Middle East tensions mean the risk of contagion on the region could impede global oil supply. An Iranian involvement in the Gaza/Israel conflict could send oil sharply higher.
Over the last 8 years February has been the weakest month of the year for PayPal, closely followed by September. Furthermore, some of the falls have been double digit plunges in PayPal’s share price, so watch out for some significant volatility after the close with PayPal’s earnings due to be released.
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.
