High demand in overseas markets had Chinese exports rise 31% in March. This isn’t the 60% growth that China experienced in the first two months of 2021. However, it does reflect a strong bounce back in Beijing’s economy.
Important inflation data for the U.S. will be released today, which should give us a good idea of where we are in our economic return. We should experience some movement in the markets this week as U.S. banks start reporting earnings as early as tomorrow.
The financial sector and interest rates this week will set the tone for any movement in the markets, and it’s important to keep on eye on these factors. The bond market and S&P 500 have been trading sideways for a couple of weeks and we expect some movement there as well.
With a strong economic outlook for some countries, people are getting out and traveling once again. Wyndham Hotels & Resorts Inc. (NYSE: WH) has been on a tear recently and is on recent swing highs. With about 9,280 locations worldwide, WH stands to benefit from people breaking out of their year-long hibernation.
Check out my short video to learn more about what countries are doing well and what to expect in the U.S. markets this week… more about Wyndham… and to get my second pick, an industrial name closely linked with the U.S. economy. Also make sure to leave me a comment down below about what you think the markets will do this week.
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