Week ahead. Banks, Housing, and a quip regarding Crypto - all in one summary.

Earnings season picks up serious steam in the final full week of April, with a host of bank earnings following Friday's opening salvo of
positive prints from JPMorgan (
JPM), Wells Fargo (
WFC), and Citi (
C). In particular, the beleaguered regional banks will be up to bat with Bank OZK (
OZK), Zions Bancorporation (
ZION), and other expected to complement reports from bigger banks like Bank of America (
BAC), Goldman Sachs (
GS), and Morgan Stanley (
MS).
Elsewhere, investor favorites Netflix (NASDAQ:
NFLX), Lockheed Martin (NYSE:
LMT), Johnson & Johnson (NYSE:
JNJ), and, of course, Tesla (NASDAQ:
TSLA) are expected to post quarterly updates.
On the economic front, housing data will be the focal point a week after inflation and retail sales take center stage. NAHB Housing Index data, housing starts, and existing home sales are all expected to be updated during the week, offering a picture of the housing market amid a rising rate environment. Mortgage rate and application data will also be provided by the Mortgage Bankers Association in mid-week. Outside of housing, unemployment and PMI data is also anticipated on Thursday and Friday, respectively, each of which could serve to inform Fed decision-making ahead of its blackout period, which begins on Saturday.
Crypto
Crypto Watch: Multiple speeches are expected during the week from Fed governors with respect to crypto and digital currencies. Governor Michelle W. Bowman will offer a speech entitled "Considerations for a Central Bank Digital Currency" at the Psaros Center for Financial Markets and Policy Event at Georgetown University on Tuesday afternoon. Her speech will be followed on Wednesday by the participation of Fed Governor Christopher J. Waller in a conference entitled, "Cryptocurrency and the Future of Global Finance" at the University of Florida.
Seeking Alpha contributor The Digital Trend stated: "Bitcoin may have struck a long-term bottom, but at the very least, I expect a substantial correction in the next few months."
Article Credit:
seekingalpha.com