Jerome Powell speaks tonight and market expectations are that he maintains a dovish hand. The loose monetary policy outlook means that stocks should still find room to gain. Furthermore, the vaccine inspired global recovery means that airline travel should grow and grow into the year-end. Does this mean that Southwest Airlines Co is well placed to take advantage of its strong seasonal pattern?
Between August 07 and December 07 the Southwest Airlines Co share price has gained in value 09 times over the last 10 years. The largest fall was in 2018 with a -11.09% loss. The biggest gain was in 2014 with a 50.44% profit. The average return has been 20.91%.
Key Trade Risks: If the Fed take a hawkish twist tonight stocks could see a sharp correction lower as markets price in lower company earnings on higher debt repayments.
Our products and commentary provides general advice that do not take into account your personal objectives, financial situation or needs. The content of this website must not be construed as personal advice.
Recommended content
Editors’ Picks
EUR/USD trades weak below 1.0800 amid Good Friday lull, ahead of US PCE
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair keenly awaits the US PCE inflation data and Fed Chair Powell's speech for fresh hints on next week's price action.
GBP/USD holds steady above 1.2600 as markets stay calm on Good Friday
GBP/USD trades sideways above 1.2600 amid a typical Good Friday trading lull. A broadly firmer US Dollar could keep any upside attempts limited in the pair ahead of the US PCE inflation data and Fed Chair Powell's appearance.
Gold price sits at all-time highs above $2,230, US PCE eyed
Gold price hit all-time highs at $2,236 on Thursday to finish Q1 2024 with a bang. Most major world markets, including the US are closed due to Holy Friday, leaving volatility around Gold price highly subdued. US PCE inflation and Powell are awaited.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.