Goldman: "This Is The Most Important Dynamic To Monitor This Week"

Short week ahead with the S&P implied move at 4.4%. The main events this week will be China’s Q1 GDP and retail sales/industrial production for Mar (Tues night 4/15), Powell remarks at the economic club (wed 4/16), US retail Sales (Wed 4/16), and EPS: NFLX, BAC, C, JNJ, UAL, PGR, LVS, SCHW, DHI, etc. 

Focus today was the US tariff exemptions on key electronics (semi chips, smartphones, computers, consumer tech) although Trump did post that “that nobody, least of all China, would be “off the hook” on tariffs” and that tariffs on semiconductors will be in place in the not so distance future.