Weekly Market Outlook (March 12, 2012 to March 16, 2012)

Earnings Season is coming to a close with a muted week with no high-powered notable names to pay attention to.  The economic calendar, however, is full of data to buy or sell on.  The NFIB Small Business Optimism Index, ICSC-Goldman Store Sales, Retail Sales, Redbook, and Business Inventories are enough reports to fill at week, but are all scheduled for Tuesday.

Weekly Market Outlook (March 5, 2012 to March 9, 2012)

Earning Season is almost over, but Monday holds has a few notable names announcing their earnings.  General Steel, Uranium One are set to announce.  Dick’s Sporting Goods and United Natural Foods give their data on Tuesday.  Alliance HealthCare, Coca-Cola Bottling Co., Express, H&R Block, and TheStreet.com are scheduled to give their information on Wednesday.  

Bernanke Gives the Market Reason for Caution

Federal Reserve Chairman, Ben Bernanke, testified before Congress yesterday telling of slight recovery, but that jobs wouldn’t return to healthy levels until stronger economic signs specifically on the demand side picked up.  He also dashed notions of further bond purchases and more quantitative easing.  This caused gold to plummet.  GLD, SPDR Gold Trust, lost 5.31% yesterday.  The Dow dropped 0.41%, the Nasdaq lost 0.67% and the S&P 500 pulled back 0.47%.