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Stock Ideas Investors Daily Edge A Full Plate with Plenty to Chew On
Stock Ideas Investors Daily Edge A Full Plate with Plenty to Chew On 
Market Watch
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By Andrew Gordon Since the Fed dropped its discount rate last month, the S&P 500 has risen more than five percent. But commodities have more than doubled that rate. |
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| A Full Plate with Plenty to Chew On |
| Monday, 28 April 2008 | ||||||||
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While last weeks economic calendar was on the lighter side with only four major reports, this week is packed with a whopping nineteen reports. There is an FOMC meeting this week and critical reports such as first quarter GDP, factory orders and April employment figures. This week could be the point where the Fed may finally admit we are in a recession. The GDP report for Q1 will be released Wednesday morning and is expected to show only a 0.40% growth rate, down from the 0.60% of Q4 2007. This would mark the second straight quarter with a decline, and would show an anemic growth rate. However, the bar may just be low enough to beat estimates. The employment numbers are looking just as bleak. The expectation is for another 80k jobs to be lost, matching last months’ numbers. Due to these additional job losses, the unemployment rate is expected to tick up slightly to 5.20%. If this number holds, it will be the highest unemployment rate since March 2005. The report that will get the most attention this week is the Fed policy statement. As it stands, expectations show a 70% chance of a one-quarter percent rate cut and a 25% chance of a one-half percent rate cut. So it is a relative safe bet for a smaller cut, but it wouldn’t be a shocker to see the half-percent cut, considering how bad everything else is going. If you enjoy IDE's daily investing advice, you'll definitely be interested in checking out our sister publication, Early to Rise. Each morning, you'll get powerful wealth-building advice covering real estate, entrepreneurship, personal finance, marketing, and much more. 
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