If you followed earnings last week, it was a crazy week. Facebook had the worst corporate one-day loss in the history of the financial markets losing over $200B in market cap. But, followed by Amazon outperforming expectations by over 600%.
This week, we have 737 companies reporting with key companies, Alibaba, Pfizer and Twitter. This week, we’re keeping an eye on 10-year treasury futures. Treasury futures are approaching area of demand. If it does break below, this level. We could see a spike in yields which may impact in the equity markets.
Finally, we’re watching crude oil. Wednesday we’ll get crude oil inventories. We’ve seen a consistent supply contraction. And in turn, we’re seeing a very strong uptrend for CL. If you’re considering investing in this asset, be watching for a pull back. Make sure you have a plan with proper protection.