To The Moon

Summary of the week:

The shares closed a week of decline with a mixed performance of the three main indices.

• $NASDAQ(.IXIC)$ dropped 0.6% on Friday and 2.4% over the week, ending a five -week victories sequence. $Alphabet(GOOG)$ $Apple(AAPL)$ 
• $S&P 500(.SPX)$  increased by 0.2% during the day, but sank 1.1% over the week, breaking a sequence of two -week victories.
• $DJIA(.DJI)$ finished with a 0.5% gains Friday and dropped 0.2% per week. This is the second weekly decline in the DOW.

The resistance of the DOW and S&P500 indices should be put on the account of energy actions after Russia has announced that it had reduced its production of crude oil from March.

Front-Month Ice Brent Crude for April Delivery Gained $ 1.89 A Barrel, or 2.2%. Brent Crude Rose 8.1% This Week. Brent Brut made a weekly advanced of almost 8.1%.

Main events:

• The speaking interventions of central bankers and especially decision -makers of the US federal reserve which all follow this scenario:

That even if the "disinflation process" had started, the continuation of increases in interest rates would be appropriate. The central bank will remain focused on monthly data and will make its decisions a meeting at a time ...

Market scenario:

• The markets would have bet that the central bank would suspend the rate increases or could even reduce them soon, but the number of explosive jobs has led some to speculate on the fact that Powell could adopt a more bellicist tone ...

Indeed, a tense American labor market gives the Fed more coverage to increase interest rates and keep them higher longer ...

• We are at the heart of the results season, but it is still a macroeconomic market, proof is with the announcement of Kazuo Ueda which was selected to be the next governor of the Bank of Japan. Ueda is considered to be "healicist" or more willing to raise rates and create restrictive financial conditions for the economy ...

Japan's yield at 10 years initially broke out, then returned, but it was sufficient to send higher American yields ...

• Investors will be particularly attentive to the data of the January consumer price index published on Tuesday, because the release could have major implications for the federal reserve policy ...

Calendar to come:

Calm Monday, but it will be quickly spoiled on Tuesday ...

• Japanese GDP (Tuesday), UK UNPLLY (Tuesday), Eurozone GDP (Tuesday), US CPI (Tuesday)
• Fed's Barkin Speaks, Fed's Logan Speaks, Fed's Harker Speaks, Fed's Williams Speaks
• UK CPI (Wednesday), US Retail Sales (Wednesday), US Industrial Production (Wednesday), EIA Crude Oil Inventories (Wednesday)
• US Housing Starts Number (Thursday), US Initial Jobless Claims (Thursday)
• UK Retail Sales (Friday)

Levels retained for the S & P500:

• Key levels: 4050 - 4100
• Upper zone: 4100-4150
• Lower zone: 4050-4000

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