Reply To: Traders Market Weekly: Expect the Unexpected


Wednesday – October 12

All day – OPEC is due to issue its monthly oil report.
All day – AppFolio Inc. (APPF) will host an investor meeting.
All day – Planet Labs PBC (PL) will hold an Investor Day event.

Premarket – Watch PepsiCo (PEP) earnings with Bank of America calling out for upside to organic sales growth given recent Nielsen data. Options trading implies a 3% move for PepsiCo shares after the report drops.

8:30 a.m. The September producer price index will be released to expectations for a 0.1% month-to-month drop. After stripping out food and energy costs, PPI is forecast to rise 0.3% from August and 7.3% compared to a year ago. Bank of America forecasts a below-consensus flat PPI reading following two consecutive monthly declines, which could tamp down some inflation fears.

2:00 p.m. FOMC Minutes will be released covering the September 20-21 meeting. At that meeting, Fed officials lifted the Fed Funds rate target by 75 basis points for the third time and detailed their rate forecasts in the Summary of Economic Projections. The minutes are expected to reinforce that the Fed remains committed to seeing inflation back to 2% over time, although the nuances over how members view the path for economic growth and employment rates will be closely watched.

Postmarket – Jefferies Financial Group (JEF) will host its annual Investor Day with presentations from top management.