August 27, 2017 The Week Ahead
The markets bounced back, breaking a losing streak that lasted several weeks. All major indices closed in the green as political headlines subsided. In fact, the news that dominated the headlines was the Solar Eclipse and massive hurricane that is hitting the gulf coast.
Earnings are slowing down; however, we have a number of economic releases going into the week, including GDP numbers.
The VIX continues to decline as its sharply fallen over the last two weeks when it traded above 17. On Friday the VIX fell to 11.28, a drop of 7.77%.
Source: TradingView
Here are how some of the most traded ETFs performed over the week: SPDR S&P 500 ETF (SPY) +0.76%, iShares Russell 2000 (IWM) +1.45%, SPDR Dow Jones Industrials Average ETF (DIA) +0.70%, and PowerShares QQQ ETF (QQQ) +0.52%
Here is how some futures/commodity related ETF’s performed over the week: United States Oil Fund (USO) -2.21%, iShares 20+ Year Treasury Bond (TLT) +0.55%, SPDR Gold Shares (GLD) +0.36%.
Below you’ll find what is else is on the schedule for the week:
Economic Releases:
28 Aug 2017- International Trade 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET
30 Aug 2017- GDP 8:30 AM ET, EIA Petroleum Status Report 10:30 AM ET
31 Aug 2017- Jobless Claims 8:30 AM ET, Personal Income 8:30 AM ET
1 Sep 2017- Employment Situation 8:30 AM ET, ISM Manufacturing Index 10:00 AM ET.
Key Earnings:
28 Aug 2017- PSEC, EXA, CTLT, AMWSA
29 Aug 2017- BMO, BBY, HAIN, HRB, NCS, OLLI, SCSC
30 Aug 2017- ADI, BOBE, CHS, DY, VRA, BOX, CTRP, FIVE, GEF, KEYS, SMTC, WDAY
31 Aug 2017- CIEN, CPB, DG, TD, LE, TITN, AMBA, PANW, TECD
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