April 19, 2022

Markets:

Stock futures were little changed early Tuesday morning as traders navigated one of the busiest weeks of corporate earnings season.

The move in futures comes after a slightly down day for stocks on Monday. The Dow and Nasdaq Composite each dipped 0.1%, while the S&P 500 inched lower by 0.02%.

The major indexes have been grinding lower as the first-quarter earnings season heats up.

Netflix and IBM are scheduled to post their numbers after the bell Tuesday.

With inflation and the Federal Reserve’s next steps a key debate in markets, investors are watching for insight into how supply chains and consumer demand are performing for major companies. Expectations for Fed hikes have risen sharply in recent months, though the central bank has said it will be data dependent in deciding how it will hike rates throughout the year.

The concern about the Fed’s next steps have caused high volatility in the bond market as well, which appears to have weighed on stocks in recent weeks. On Tuesday, the 10-year Treasury yield hit its highest level in three years, reaching 2.91%.

Elsewhere on Tuesday, investors will get an updated look at the housing market with housing starts and building permits for March.

Portfolio:

We enter the new trading session holding positions in RF, CVE, TWTR, and holding ITRM.  Tonight we start to receive power house earning reports that will be sure to provide some insight into new opportunities.  We love this time of year!  The opportunities that begin to emerge into the summer months are outstanding.  We also have seasonal trades begin to trigger soon.  Be ready today for further updates and new trade alerts today.  Let's have a great session.