The week ahead

PH: The only scheduled thing on our calendar is the end of the PLC tender offer, which is on Wednesday. Other than that, it’s a lot of ASMs and briefings, so we’ll probably get some fun bits of forward-looking speculation.

International: The Halvening has already happened, and the Israel/Iran conflict appears to have run its course (for now?), and all we have on the schedule is the reveal of the US Q1 GDP number. We’ll get that on Friday morning.

MB bottom-line: If I’m going by the out-of-office replies that I’ve been getting recently, I think this is going to be a fairly quiet week. Feels like people applied the “sell in May and go away” trope a little early, and if so, that’s an ugly signal given the market’s recent weakness and the overall soup of weakness and uncertainty that we’ve been dealing with on the global stage thanks to inflation, interest rates, and conflict.

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