Banks are Open on Good Friday, Stock Market is Closed

U.S. equity markets are closed for Good Friday, but banks are open in the United States. Internationally, securities markets are also closed in Australia, Brazil, Canada, Hong Kong, Singapore, the U.K., across South America and many other places for this very important day. The new Pope, Francis, should be awaited with great joy and love as he presides over services for the first time as Pope of the Catholic Church. Orthodox Christians do not mark Good Friday until May 3rd this year.

There are two economic reports on the schedule.

Personal Income & Outlays data are due for release at 8:30 AM. Economists are looking for personal spending to increase by 0.6% in February, compared to 0.2% growth in January. Personal income is seen higher by 0.9% in February, after falling 3.6% in January. The Fed’s favored inflation gauge, the Core PCE Price Index is expected to show 0.2% increase month-to-month, versus the prior month’s 0.1% increase.

The Reuters / University of Michigan Consumer Sentiment Index is up for 9:55 AM release. Economists expect improvement for March, with the index expected to rise to 72.5, from 71.8 in February.

The corporate wire has EPS from Birner Dental Management Services (Nasdaq: BDMS), China Armco Metals (Nasdaq: CNAM), Tengasco (NYSE: TGC) and USA Technologies (Nasdaq: USAT). Our founder published a long report on Annaly Capital (NYSE: NLY) and a short report on Blackberry (Nasdaq: BBRY) yesterday. Today Mr. Kaminis posed the question, should we Sell the SPY on its High (NYSE: SPY)?

We wish you a happy Easter and Passover dear friends from your friends at Wall Street Greek.

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