Last week was a great week to trade in the markets. The “Earnings Beat but Guidance Lower” trend continued, and it continued to produce some buyable dips on a few stocks. Additionally, the mixed inflation data last week caused some whipping movements with the S&P 500 ($SPX) (SPY) finishing just about even on the week.
In addition, it appears WeWork (once a darling IPO) is heading for bankruptcy, and it will be interesting to see how the markets digest that event if it happens. Several banks also received credit downgrades last week as consumer debt has reached an all-time high. Still, the market was fairly resilient given the headlines of the week. Heading into this week we have several news events to keep an eye on as well as some more earnings to listen to. Here are 5 things to watch this week.
