April 9, 2018 The Week Ahead
Stocks continued to remain under pressure during the week, as fears of a trade war between China escalated.
In addition, tech stocks like Amazon and Facebook continued to slide, as Facebook is now down more than 10% year to date.
Seems like the market has gotten extremely sensitive to headlines. Whether its a tweet from the President or a breaking news story, markets have become a lot more volatile.
What can change the narrative?
Earnings.
Earnings are coming out on Friday, lead by the big banks. If earnings remain strong, a lot of the political and economic headlines will start to take the back seat.
Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) -2.19%, SPDR S&P 500 ETF (SPY) -1.30%, SPDR Dow Jones Industrial Average ETF (DIA) -0.94%, iShares Russell 2000 ETF (IWM) -0.97%
The VIX climbed to 21.49, as market uncertainty remains elevated.
Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) -4.43%, iShares 20+ Year Treasury Bond (TLT) -0.66%, SPDR Gold Shares (GLD) +0.48%.
Economic Releases:
10 April 2018- PPI 8:30 AM ET
11 April 2018- Consumer Price Index 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET; FOMC Minutes
12 April 2018- Jobless Claims 8:30 AM ET
Key Earnings:
10 April 2018- MSM
11 April 2018- BBBY, FAST
12 April 2018- BLK, APOG, VNCE, RAD, OZRK
13 April 2018- C, FRC, INFY, JPM, PNC, WFC
Be sure to check out our Active Trading Masters Program | Online Courses