There will be little economic data released this upcoming week. International trade will be released on Wednesday, Retail Sales / Jobless Claims / Business Inventories on Thursday, and Consumer Sentiment on Friday. Of these reports, the biggest market mover will be jobless claims since the 4week average has rose three weeks in a row, the unemployment report had conflicting signals, and the press really scrutinized last week's number. As always, I will be providing an analysis of Thursday's jobless claims when the number comes out.
There will also be a slew of earnings this upcoming week. For the full list of companies, check out this earnings calendar.
The main focus this week will be on the costs of insuring debt of the PIGS. I'll be looking at the CDS market to see whether these insurance premiums are rising or contracting after last week's spike. For the week ahead, I'm very bullish and currently long a couple high-beta names, such as FCX and TSL.
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