April 5, 2015 The Week Ahead

The S&P 500 closed the week relatively flat. Which doesn’t really come as a surprise, given we had a shortened week. However, we should see activity pick up again as earnings season is around the corner.

The VIX also finished the week relatively flat, closing at 14.54. We could see volatility creep back into the markets. Greece’s Finance Minister Yanis Varoufakis is meeting with IMF chief Christine Lagarde today in Washington. This is ahead of their April 9 deadline, in which they owe a payment to the IMF. Any whispers of Greece leaving the Euro could cause a spike in volatility.

The big news this week was that Iran and world leaders reached a nuclear accord. The United States Oil Fund ETF (USO) closed the week slightly higher. It’s now $2 off it’s 52 week low, trading at $17.54 per share.

Here’s what’s on schedule this week:

Key Economic Data:
8 April 2015- FOMC Minutes 2:00 PM ET
9 April 2015- Jobless Claims 8:30 AM ET

Key Earnings:
7 April 2015- PLAY
8 April 2015- FDO, RAD, AA APOG, BBBY, PIR
9 April 2015- WBA, STZ

We’ll be back on Tuesday with the market update. Have a Happy Easter Sunday for those celebrating the holiday today.