August 2, 2015 The Week Ahead

The S&P 500 ended Friday’s action pretty flat, but good enough for a slight increase for the week. We are not too far off 52-week highs, many of the biggest companies have already released earnings (with mixed results thus far).

In respect to risk, market participants will be watching the Shanghai Composite closely, last month the index dropped 15%. A further sell-off could have a spillover effect on our markets, as well as the commodities markets.

The VIX sold off a little even with the market going in the red, closing the week at 12.12.

Commodities have also been weak lately. However, gold and crude oil futures were relatively flat this week.

Here’s what’s on the schedule:

Key Economic Data:
3 August 2015- ISM Manufacturing 10:00 AM ET
5 August 2015- International Trade 8:30 AM ET
6 August 2015- Jobless Claims 8:30 AM ET
7 August 2015- Employment Situation 8:30 AM ET

Key Earnings:
3 August 2015- L, HSBC, BWP, NBL, TSN, AIG, THC, CAR
4 August 2015- ADM, AET, BZH, CHTR, COH, CVS, K, KBR, MGM, MNK, MOS, ODP, REGN, ZTS, ATVI, AWAY, CERN, DIS, DWA, ELNK, G, TX, Y, ZEN
5 August 2015- GDP, HCA, ICE, LL, PCLN, RL, TWX, WEN, CBS, GDDY, GMCR, HLF, PRU, ZU
6 August 2015- AGN, DDD, EAT, GOGO, KORS, RGEN, RIO, SEAS, TAP, VIAB, ANET, GRPN, MRO, ZNGA
7 August 2015- CVC