Good Sunday morning, and welcome to another edition of Weekend Reading. First a look back at the week that just finished, then a look forward to the week ahead and, finally, a summary of articles and papers worth reading.

The gains slowed a little this week as first-quarter earnings season began. Nevertheless, the major markets logged another week of advances, stretching out the current streak to a month. The relief rally has become impressive, exceeding what I expected in both magnitude and duration. Things will stay choppy in the coming week, however, as the market confronts bank earnings, along with chatter about the government's stress testing of banks.

Looking forward, investors have convinced themselves that we will see growth this year. Economic data reflect that possibility, with sentiment improving somewhat, the pace of unemployment slowing a little and some indicators of economic activity bottoming and showing some gains. It is highly precarious, however, as little has changed in terms of personal and corporate indebtedness, and until that does there is little reason to expect the U.S. economy will do much more than briefly sleepwalk its way out of the current downturn, only to backslide again.

Turning to economic indicators, we have both March retail sales and the March producer price index at 8:30 a.m. EDT on Tuesday. On Wednesday we have the March consumer price index at 8:30 a.m. EDT, followed by the Federal Reserve's Beige Book at 2:00 p.m. EDT. We will see weekly jobless claims and March housing starts at 8:30 a.m. EDT on Thursday, followed by the Philadelphia Fed's manufacturing report at 10 a.m. EDT.

As for earnings, companies reporting next week include General Electric ( GE), JPMorgan ( JPM), Citigroup ( C), Intel ( INTC), Google ( GOOG), J&J ( JNJ), CSX Corp. ( CSX), and Mattel ( MAT). These all have the potential to be market-moving.

Finally, here are some articles and papers worth reading:

Editor's note: To access some of these stories, registration or a subscription may be required. Please check the individual links for each site's policy.

  • Alaska forecasts oil-output drop, more oil spending. (Reuters)
  • Brazil's oil euphoria. (Bloomberg)
  • Why's this isn't the beginning of the end of the crisis. (Robert Reich)
  • What's next for banks. (Simon Johnson)
  • Obama Stakes His Fortunes on Failed Banksters. (Bloomberg)
  • Barron's picks American Express (AXP). (Barron's)
  • In an Age of Austerity, the Miserly Thrive. (The New York Times)
  • Colorado bank biggest U.S. bank failure of 2009. (Breitbart)
  • Everyone is green now. (The Economist)
  • Ireland is ECB's sacrifical lamb to satisfy German inflation demands. (Telegraph)
  • Why Tax the Well Off as if They Were Wealthy? (The New York Times)
  • This Week In Petroleum. (EIA)
  • Crisis Reshaping Wall St. as Stars Begin to Scatter. (The New York Times)
  • China Loans, Money Supply Jump to Records on Stimulus. (Bloomberg)
  • Tens of thousands of financial industry jobs will never come back. (Bloomberg)
  • Las Vegas trophy project becomes symbol of trouble. (Reuters)
  • Bond market vigilantes saddle up. (Reuters)
  • Skype founders said to be eyeing buying the company from eBay (EBAY). (Reuters)
  • The Other Mexico: A Wave of Investment. (BusinessWeek)
  • The Savings Bugbear. (Forbes)
  • First-quarter earnings loom over America's stock market. (The Economist)
  • Can credit revive world trade? (The Economist)
  • China's runaway steel train. (Globe and Mail)
  • Barclays (BCS) opens door to BGI sale. (Telegraph)
  • The Finnish Great Depression: From Russia with Love. (NBER)
  • Economist Mark Zandi: The Chic Geek. (Time)
  • Thai Leader Declares State of Emergency in Bangkok. (The Wall Street Journal)
  • Is Wells Fargo (WFC) playing games with loan-loss reserves? (HousingWire)

RealMoney Barometer Poll
1 What would best describe your stance heading into the coming week of trading?
Bullish
Bearish
Neutral
2 Which of these sectors do you think is set to move up in the coming week?
3 Which of these sectors do you think is set to move down in the coming week?


View the results without voting
At time of publication, Kedrosky had no positions in stocks mentioned, although holdings can change at any time.

Dr. Paul Kedrosky is a former highly ranked sell-side technology equity analyst, and he currently runs a technology finance institute at the University of California, San Diego. He is also a venture partner with Ventures West, an institutional venture capital firm with more than $400 million under management. He maintains a widely read blog called Infectious Greed.

Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. While Kedrosky cannot provide investment advice or recommendations, he appreciates your feedback; click here to send him an email.

If you liked this article you might like

Be Careful With American Express -- The Stock, Not the Credit Card

Be Careful With American Express -- The Stock, Not the Credit Card

Why Millennials Love Warren Buffett

Why Millennials Love Warren Buffett

These 5 Dow Stocks Are Already in Correction in 2018

These 5 Dow Stocks Are Already in Correction in 2018

This Black History Month on Wall Street

This Black History Month on Wall Street

Managed Care Stocks Thrashed on Amazon News but Could Be Buying Opportunity

Managed Care Stocks Thrashed on Amazon News but Could Be Buying Opportunity