Monday Morning Meeting Notes (04/24/2023)

General Info:

• Fun Fact: A strawberry is not technically a berry, but a banana is. By definition, a berry is a fleshy fruit produced from a single seed. The strawberry, however, has its dry, yellow "seeds" on the outside (each of which is actually considered a separate fruit)
• In other earth-shattering news, blackberries and raspberries also aren’t berries, but pumpkins, avocados, and cucumbers are all berries. I don’t know about you, but this news has shaken me to my core

Monday 04/24:

• Coca-Cola, NVR, First Republic Bank, and Canadian National Railway report earnings
• Germany IFO business climate index
• Taiwan industrial production and unemployment data

Tuesday 04/25:

• Microsoft, Alphabet, Visa, Pepsi, General Motors, General Electric, McDonalds, UBS, UPS, 3M, Nextera Energy, Nextera Energy Partners, Danaher, Halliburton, Kimberly-Clark, Sherwin-Williams, Texas Instruments, Illumina, and PacWest Bancorp report earnings
• U.S. new home sales for March
• U.S. consumer confidence for April

Wednesday 04/26:

• Meta Platforms, ServiceNow, Boeing, Align Technology, General Dynamics, Owens Corning, TE Connectivity, Thermo Fisher Scientific, EQT Corp, KLA Corp, Dover Corp, Norfolk Southern, T. Rowe Price Group, and Hilton report earnings
• U.S. durable goods orders

Thursday 04/27:

• Amazon, Mastercard, AbbVie, Markel, Caterpillar, Intel, American Airlines, Southwest Airlines, Hershey, Honeywell, Barclays, CNX Resources, U.S. Steel, Church & Dwight, CBRE, Comcast, Pinterest, and T-Mobile report earnings
• Advance reading of Q1 2023 U.S. GDP, which is expected to have increased at an annualized rate of 2.0%
• U.S. initial jobless claims and continuing claims data
• Eurozone economic confidence and consumer confidence data

Friday 04/28:

• Chevron and Exxon Mobil report earnings
• U.S. personal income and spending data for March
• Personal income is expected to have increased 0.2% month-over-month, while spending is expected to have decreased -0.1% month-over-month
• Personal consumption expenditures (PCE) for March
• PCE is expected to have increased 0.1% month-over-month and 4.1% year-over-year
• Core PCE, which excludes volatile food and energy costs and is the Fed’s preferred inflation gauge, is expected to have increased 0.3% month-over-month and 4.5% year-over-year
• U.S. University of Michigan consumer sentiment index
• Advance reading of Q1 2023 GDP for the Eurozone, France, Germany, Italy, Spain, Mexico, and Taiwan
• Japan consumer price index (CPI), unemployment, industrial production, and retail sales data
• Bank of Japan (BOJ) monetary policy meeting