March Expiration Madness

Today marks the start of an American right of passage in springtime...the NCAA basketball tournament. With all of the pending Comex and LBMA shenanigans, maybe we should all take a few days off and simply watch basketball, instead?

Well, hopefully, it's not that bad...at least not this week. We only have tomorrow remaining and it would surprise me at all if we get a turnaround on Friday and finish the week on an UPtick, even though it's another NYSE monthly option expiration day. Next week may be a different matter, however. Recall this rundown of obstacles that I gave you...

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Key Economic Events Week of 4/28

4/29 9:00 ET Case-Shiller home prices
4/29 10:00 ET Consumer Confidence
4/29 10:00 ET JOLTS
4/30 8:15 ET ADP jobs report
4/30 8:30 ET Q1 GDP first guess
4/30 9:45 ET Chicago PMI
4/30 10:00 ET PCE and Core PCE
5/1 9:45 ET S&P Manu PMI
5/1 10:00 ET ISM Manu PMI
5/2 8:30 ET BLSBS
5/2 10:00 ET Factory Orders

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