Four Make or break events for the market next week

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DAVID BIANCO: This Next Week Is Make Or Break For The Stock Market

In a note to clients, Bianco says the S&P 500 index is ” likely to climb to 1725 or fall again to 1650″ as the next stage of the battles in Washington over the budget and the debt ceiling transpires.

The government shutdown resulting from inability in Congress to pass a 2020 budget has already deprived investors and policymakers of government-released economic data reports, so it’s hard to get a good look at the latest economic picture at the moment.

Over the next two weeks or so, however, we will see Q3 earnings results from almost all of America’s biggest corporations as reporting season hits full swing. And there is concern that the surge in interest rates over the summer may finally start eating into profit margins.

“The likelihood of a deal to lift the debt ceiling and end the shutdown before October 18th has increased, but only for a deal of limited scope and duration,” says Bianco. “Such a deal is not the deal investors wished for and it will put the burden on 3Q earnings and macro data to push the S&P to 1750 or higher by year-end.”

This Could Be a “Make or Break” Week for Markets

There is a rising assumption among experts that this week could decide whether the market can withstand additional weakening from COVID-19.

As a result, three of the four areas I’m investigating this week directly involve the pandemic crisis, while the fourth is drawn from new reactions to it…

1. I’m crunching new data on advancing problems in the impact of the virus on energy demand and the resulting decline in economic prospects.

2. I’m running algorithmic forecasts to identity the next wave of Crisis Watch option spreads in several market sectors directly affected by COVID -19.

3. I’ll be examining the oncoming problems for energy transit systems as virus “hot spots” move from inland from the United States’ coasts.

4. I’m comparing my analysis with others in my global network on behind-the-scenes moves between Russia and Saudi Arabia on reintroducing crude oil production cuts. The cratering in oil prices has been accentuated by the additional attrition in oil demand from the virus accentuated by the gut of new supply hitting the market. Indications surfaced late last week that talks between the two OPEC+ giants had renewed, even as Moscow and Riyadh continued to show public obstinacy against each other.

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Events Calendar

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Island of Hawaii Events Calendar

Events on the Island of Hawaii

Hawaiian International Billfish Tournament

The Hawaiian International Billfish Tournament (HIBT), founded in 1959, is the second oldest big game sport fishing event in the world. HIBT is a five-day tournament built on prestige, trophies and strict International Game Fish Association rules for big game fish world records and does not [. ]

  • Contact Name: Tournament Admin
  • Contact Organization: HIBT

Queen Liliuokalani Long Distance Canoe Races

The Queen Liliuokalani Long Distance Canoe Races have been held annually since 1971. Hosted by Kai Opua Canoe Club over the Labor Day holiday, this is the world’s largest long distance canoe race. The women’s and men’s 18-mile races follow a historically and culturally significant course running [. ]

  • Contact Name: Doug VeraCruz
  • Contact Organization: Kai Opua Canoe Club

Kona Coffee Cultural Festival (50th Annual)

Each year in November, Kona coffee’s world-renown reputation along with the unique cultural heritage of the past tells the story of coffee traditions that produced this American legacy. The Kona Coffee Cultural Festival experience is unique, enriching and ensures that the story of Kona coffee’s [. ]

  • Contact Name: Val Cocoran, President
  • Contact Organization: Kona Coffee Cultural Festival

The Farmers’ Market at Hamakua Harvest

The Sunday Farmers’ Market at Hamakua Harvest, located at the intersection of Mamane St. and Mamalahoa Hwy in Historic Honokaa Town, offers only locally produced goods, ono food, live music, and a free educational event weekly. It’s beautiful location and celebratory character provides a vibrant [. ]

  • Contact Name: Elizabeth Mallion
  • Contact Organization: Hāmākua Harvest

Mark Farina-Hawaii Summer Tour

Off The Grid Productions is proud to present Mark Farina’s Hawaii Summer Tour. It is our pleasure to be bringing you legendary House Producer Mark Farina all the way out for his Hawaii Summer Tour! Friday at NextDoor on Oahu and Saturday at Lavern’s on the Big Island of Hawaii! Come show your [. ]

  • Contact Name: Zack Kuyten
  • Contact Organization: Off The Grid Productions

(CANCELLED) Merrie Monarch Festival

The Merrie Monarch Festival is a week-long cultural event held in Hilo, Hawaii each spring, featuring Hawaiian culture and a premier hula competition.

In addition to the hula competition, the week-long festivities include an invitational arts and crafts fair with some of the most sought [. ]

  • Contact Name: Amy Kalili
  • Contact Organization: Pilina First, LLP

(CANCELLED) Hawaii Arts, Crafts & Food Festival During Merrie Monarch Week (26th Annual)

Hawaii Arts, Crafts & Food Festival During Merrie Monarch Week has been an island tradition for the past 27 years. This year’s Hawaii Arts, Crafts & Food Festival will commence on April 15, 2020, (Wednesday, 12 noon -4 pm) and continues through April 16, 17 and 18, 2020, (Thursday, Friday and [. ]

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