It will be an action-packed week as investors will be busy analyzing many important corporate earnings from Q1.
While analysts are expecting most large-cap U.S. companies to report year-over-year earnings growth in the first quarter of 2018, the market is still concerned about the impact of a potential trade war with China, which will certainly affect the GDP estimate for Q1.
Moreover, there was a substantial decline in consumer confidence in the middle of April, so stay tuned to see how rising interest rate and drum rolls of a trade war affected confidence in the economy toward the end of April.
Expect increased volatility this week right from the beginning, and stay alert to buy the dips as corporate America seems to have done well last quarter.
Check out last week’s Market Glance here in which investors had high hopes for the banking sector.
