Earnings continue next week

  Stay ahead of the market   Stocks closed lower on Friday, but still managed to eke out a winning week after a slew of economic data releases about inflation and major bank stocks released better-than-expected earnings reports. The S&P 500 ETF (SPY) fell 0.2% Friday, but rose 0.79% for the week. The tech-heavy Nasdaq-100 ETF (QQQ) dropped 0.35% on Friday, but managed to climb 0.29% for the week. Consumer Price Index (CPI) numbers - which measure the average price of various goods and services - rose 0.1% on a month-over-month basis, compared to economists expectations of 0.2%. Meanwhile, Producer Price Index (PPI) figures - which measure the change in the price of finished goods and services sold by producers - dropped 0.5% month-over-month, while expectations were flat. JPMorgan (JPM) shares rose 7% on Friday after the bank said profit jumped 52% in the first quarter, partially driven by a rise in interest rates by the Federal Reserve. Wells Fargo (WFC) stock initially rose by as much as 2% after reporting profit and revenue numbers that beat Wall Street’s expectations. However, WFC pared gains on Friday to close relatively flat. Perhaps the most impactful macroeconomic news of the week came from the Federal Open Market Committee (FOMC) minutes release on Wednesday. Generally considered a bit of a lagging report, as the minutes release comes three weeks after the committee’s decision on Fed funds rate hikes, Wednesday’s release indicated the Federal Reserve expects the U.S. economy to tilt into recession later this year on the heels of the U.S. banking crisis. According to Fed fund futures contract traders, the market is pricing in another hike to interest rates at the next FOMC meeting, scheduled the first week of May.     When the market “prices in” certain moves by the Federal Reserve, any decision by the Fed to move in a different direction - in this case cutting or pausing interest rate hikes - can have a massive effect on the market. The market likes certainty. That could be why stocks sold off on Wednesday after the FOMC minutes mentioned the potential for a recession in the back half of 2023. The “R” word can be frightening to investors, especially after a rough 2022 that saw the S&P 500 fall roughly 20%. On Friday, the Money Morning LIVE team took a deep dive into the textbook definition of recession, and how traders and investors can get ahead of the situation, and come out on top with an advantage. [Click here,]( or the image below, to learn all you need to know to prepare yourself for a potential recession in the back half of the year.     This strategy beats the S&P 500 Uncertainty in the market - including recession - can cause increased volatility. Meaning the market can make larger moves to the upside or the downside. This can make it a very difficult environment to deploy a reliable trading strategy. But what if there was a trading strategy that could give you an edge in any market? That’s exactly what my colleague, Andrew Giovinazzi, and I recently sat down to discuss. Andrew is an expert when it comes to market volatility - and in researching this strategy he’s traded over 8 million options. The result? He’s found an edge - what every trader needs before entering a trade - that returns an average of 8% every 14 days. The S&P 500 returned 7.4% in the first quarter. Which means Andrew’s strategy is beating the benchmark market index. Andrew has given me permission to share our recent discussion with you. [Click here]( or the image below, to learn all about the wealth generation strategy that’s worked 94 out of the last 95 months.       [Former Hedge Fund Manager Reveals #1 Company to Target in 2023]( Shah Gilani, former hedge fund manager on Wall Street, has uncovered the top company investors should invest in this winter. Find out how venture capitalists are leveraging this breakthrough technology for life-altering gains by honing in on a resource that’s 100X faster than the status quo. [This deal closes soon.](   Economic data for the week starting 4-17   💰 Monday - NAHB Housing Market Index, Empire State Manufacturing Index 💰 Tuesday - Building Permits, Housing Starts, Consumer Price Index (Canada) 💰 Wednesday - Beige Book, Crude Oil Inventories 💰 Thursday - Unemployment Claims, Existing Home Sales 💰 Friday - Flash Manufacturing PMI, Flash Services PMI   Three things to keep your eye on for next week ⚙️Earnings season kicks into gear - After several big banks started the corporate earnings season on Friday, more than 500 companies will report quarterly numbers next week. Banks will remain in focus, as mega, regional and community banks dominate the slate, however, significant tech names such as Netflix (NFLX), Tesla (TSLA), and Taiwan Semiconductor (TSM) report throughout the week. 💹 New leadership for Bank of Japan - The equivalent of the U.S. Federal Reserve, the Bank of Japan is under new leadership. Governor Kazuo Ueda took office on Sunday, succeeding Haruhiko Kuroda, who deployed massive monetary stimulus during his decade-long run. The BOJ is one of the major players in the global bond market - [Garrett {NAME} explains why the BOJ could affect every single asset that is traded globally.]( 🤖 AI pivot - After Tesla (TSLA) CEO Elon Musk recently signed an open letter calling for a six-month AI research halt, the billionaire has begun developing plans to launch a new artificial intelligence start-up to compete with OpenAI - the developer of ChatGPT. Sources say Musk has secured thousands of high-powered GPU processors from Nvidia (NVDA). With AI stocks all the rage right now, could Elon be trying to shift Tesla quarterly earnings - coming Wednesday after the market close - into the AI space?   [Saturday School]( Get ahead of the trading week by staying prepared… 💪[How to find power earnings gaps to trade]( - Volume Trading Specialist Olivia Voz recently guided members through a contrarian trade in Bank of America (BAC) that yielded over 150% returns overnight. Learn how to find power earnings gaps using multiple free-to-use tools. [📏The best metrics for finding deep value]( - Resident big brain 🧠and Money Morning LIVE Chief Economist Garrett {NAME} cuts through the noise of a multitude financial metrics to help traders find the single best aspects of a stock that can yield DEEP value. [💸 The VIX - My Biggest Moneymake]( - Volatility expert Mark Sebastian - aka the “bad boy of options” - breaks down his biggest money maker in 20 years of trading, and how you can incorporate it into your trades.   We’d love to hear from you! There’s nothing more that we value than hearing from our loyal Money Morning LIVE audience! (Especially hearing how much you LOVE the content you receive from Trading Today) So whatever your pleasure - whether it’s [Twitter]( [Instagram]( [TikTok]( or [Facebook]( - give us a like, a follow, or leave us a comment (or an emoji 💸)! Never miss another episode of Money Morning LIVE! [Sign up for text alerts right here]( - and be the first to know when (and where) we’ll be having special guests, access our daily watchlist, and much more! Have a great weekend! - Rob Booker   [Twitter]( [Instagram]( [TikTok]( [Facebook](   Check out our latest clip from YouTube!       [New and Extraordinary “Cash Surges” Are Hitting Every Day]( Is this the most lucrative phenomenon in trading? These cascading Cash Surges are hitting up and down the markets every day. And Tom Gentile has figured out how to spot them before they hit. Now he’s sharing his revolutionary new secret with you. Find out how you can [unlock your next big potential Cash Surge opportunity here.]( You are receiving this e-mail at {EMAIL}, as part of your subscription to Trading Today. To remove your email from this list: [unsubscribe here](. 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