The week ahead

It feels like we have a lot going on, even though the schedule is technically very light. And that was before Iran responded to Israel with a drone strike.

PH:  Locally, there’s nothing to note on the official schedule, but there is a lot of movement in the background around the two upcoming IPOs (OGP and CREC) and several bond and preferred shares issuances that are at various stages of evolution/maturity. We’re still knee-deep in earnings season, so those reports should keep coming in.

International:  All eyes (right now) are on gold, as it has uncharacteristically spiked like a meme stock to over $2430/oz (+15% over the past month). Then, as the week progresses, I’m sure eyes will start to peek over at the Bitcoin chart as the Halvening approaches. The current predicted date is on April 20 in the US (April 21 here). Gold markets are still closed, but Bitcoin dumped (hard) when Iran launched its attack.

MB bottom-line: It feels like a lot of sliders are moving around, and I’m not sure what to make of it all just yet. This is the kind of week where I might spend a lot of time trying to get my mind wrapped around the sentiment driving some of the news to see if any of the predictions or assumptions that I’ve made are still valid given the current data and the thinking based on that data. Like the saying goes, there are decades where nothing happens, and there are weeks where decades happen. Maybe this is one of those weeks?

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