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Stock Market Outlook for March 6, 2013


Upcoming US Events for Today:

  1. ADP Employment Report for February will be released at 8:15am.   The market expects 173,000 versus 192,000 previous.
  2. Factory Orders for January will be released at 10:00am.   The market expects a month-over-month decline of 2.2% versus a increase of 1.8% previous.
  3. Weekly Crude Inventories will be released at 10:30am.
  4. The Fed’s Beige Book for March will be released at 2:00pm.


Upcoming International Events for Today:

  1. The Bank of Japan Rate Announcement will be released.   The market expects no change at 0 to 0.1%.
  2. Euro-Zone GDP for the Fourth Quarter will be released at 5:00am EST.   The market expects a year-over-year decline of 0.9% versus a decline of 0.6% previous.
  3. Bank of Canada Rate Announcement will be released at 10:00am EST.   The market expects no change at 1.0%.
  4. Canadian Ivey PMI for February will be released at 10:00am EST.   The market expects 56 versus 58.9 previous.


Recap of Yesterday’s Economic Events:

Event Actual Forecast Previous
AUD Current Account Balance (Australian Dollar) -14678M -15300M -15048M
AUD Australia Net Exports of GDP 0.6 0.5 0.1
AUD Retail Sales s.a. (MoM) 0.90% 0.40% -0.40%
CNY HSBC Services PMI 52.1   54
AUD Reserve Bank of Australia Rate Decision 3.00% 3.00% 3.00%
EUR Italian Purchasing Manager Index Services 43.6 43.5 43.9
EUR French Purchasing Manager Index Services 43.7 42.7 42.7
EUR German Purchasing Manager Index Services 54.7 54.1 54.1
EUR Euro-Zone Purchasing Manager Index Services 47.9 47.3 47.3
EUR Euro-Zone Purchasing Manager Index Composite 47.9 47.3 47.3
GBP Purchasing Manager Index Services 51.8 51 51.5
EUR Euro-Zone Retail Sales (MoM) 1.20% 0.30% -0.80%
EUR Euro-Zone Retail Sales (YoY) -1.30% -2.90% -3.00%
USD IBD/TIPP Economic Optimism 42.2 47.2 47.3
USD ISM Non-Manufacutring Composite 56 55 55.2


The Market

No commentary will be provided today.   Be sure to tune into BNN at 4:30 to view my take on the Dow’s breakout to new all-time highs.


Seasonal charts of companies reporting earnings today are as follows:



S&P 500 Index


Chart Courtesy of



TSE Composite


Chart Courtesy of



Horizons Seasonal Rotation ETF (TSX:HAC)

  • Closing Market Value: $13.38 (up 1.36%)
  • Closing NAV/Unit: $13.33 (up 0.70%)


2013 Year-to-Date Since Inception (Nov 19, 2009)
HAC.TO 4.80% 33.3%

* performance calculated on Closing NAV/Unit as provided by custodian 

Click Here to learn more about the proprietary, seasonal rotation investment strategy developed by research analysts Don Vialoux, Brooke Thackray, and Jon Vialoux.



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