Monday Morning Meeting Notes (02/26/2024)

Weekly Economic Insights

Monday Morning Meeting Notes (02/26/2024)

Bradley Prosper, CFA®, CFP® Weekly Economic Insights

Monday Morning Meeting Notes (02/26/2024)

General Info:

  • Fun Fact: German chocolate cake has nothing to do with Germany. The German chocolate cake recipe is credited to a Texan woman in 1957 who used “German’s Chocolate,” which is simply baking chocolate named after the creator, Sam German

Monday 02/26:

  • Amazon replaces Walgreens Boots Alliance in the Dow Jones Index prior to the market opening
  • Workday, SBA Communications, Domino’s Pizza, Trex, and TransMedics Group report earnings
  • U.S. new home sales for January

Tuesday 02/27:

  • National Strawberry Day – there are over 600 varieties of strawberries and they come in three types: June-bearing, everbearing, or day-neutral
  • Lowe’s, American Tower Corp, Bank of Montreal, AutoZone, Sempra, American Electric Power, Agilent Technologies, eBay, Axon Enterprise, J.M. Smucker, Jones Lang LaSalle, and Park Hotels & Resorts report earnings
  • U.S. Conference Board consumer confidence for February
  • Japan consumer price index (CPI) data for January
  • Taiwan export orders

Wednesday 02/28:

  • Salesforce, Royal Bank of Canada, TJX Companies, Snowflake, Monster Beverage, Baidu, HP Inc, Vistra Corp, Paramount Global, and Icahn Enterprises report earnings
  • U.S. GDP data – the second reading of Q4 2023 GDP is expected to remain steady at the annualized pace of 3.3% quarter-over-quarter
  • Eurozone economic confidence and consumer confidence data for February

Thursday 02/29:

  • MSCI index changes go into effect at the market close
  • Anheuser-Busch Inbev SA, Toronto Dominion Bank, NetEase, Dell Technologies, Autodesk, Ambev, Hormel Foods Corp, and Six Flags Entertainment Corp report earnings
  • U.S. initial jobless claims and continuing claims data
  • U.S. personal income and spending data, which includes personal consumption expenditures (PCE)
  • PCE is expected to have risen 0.3% month-over-month and 2.4% year-over-year in January
  • Core PCE, which excludes volatile food and energy costs and is the Federal Reserve’s preferred inflation measure, is expected to have risen 0.4% month-over-month and 2.8% year-over-year
  • Germany, France, and Spain report CPI data for February
  • Canada, France, India, Sweden, Switzerland, and Taiwan report GDP data
  • Japan industrial production and retail sales for January

Friday 03/01:

  • U.S. House funding bill deadline to avert a government shutdown
  • Congress previously passed a temporary spending bill in January
  • U.S. University of Michigan consumer sentiment
  • U.S. light vehicle sales data for February
  • S&P Global Manufacturing PMI data for the U.S., Eurozone, U.K., Germany, France, and India
  • China Caixin Manufacturing PMI for February
  • Hong Kong retail sales for January
  • Italy CPI and unemployment data
  • Japan unemployment data for January
  • Macau Q4 2023 GDP data and February 2024 casino revenue

About the Author

Bradley Prosper, CFA®, CFP®

Senior Research Analyst
Mr. Prosper is a member of the Firm’s investment research group where he assists in conducting investment research that is instrumental in the construction, maintenance, and management of client portfolios. This research includes the procurement of primary data via direct investment manager interviews as well as analyzing information from our data resources.