December 13, 2015 The Week Ahead

The SPDR S&P 500 (SPY) snapped a 3-week winning streak in spectacular fashion, after seeing a decline of nearly four percent. All eyes are going to be on the upcoming FOMC meeting, will they raise rates or keep them unchanged? After this sell-off, will they put those thoughts on hold? We’ll have the answer on Wednesday.

The VIX absolutely exploded, closing the week at 24.39, a jump of nearly 10 points from the previous Friday close.

Crude oil futures hit a 7-year low after dropping more than 11% during the week. With that said, there seems to be no bottom in sight.

Here’s what is on tap this coming week:

Key Economic Data:
15 December 2015- Consumer Price Index 8:30 AM ET
16 December 2015- Housing Starts 8:30 AM ET, Industrial Production 9:15 AM ET, FOMC Meeting Announcement 2:00 PM ET, FOMC Forecasts 2:00 PM ET, Fed Chair Press Conference 2:30 PM ET
17 December 2015- Jobless Claims 8:30 AM ET, Philly Fed Business Outlook Survey 8:30 AM ET

Key Earnings:
14 December 2015- FCEL, PAY
16 December 2015- FDX, JOY, JBL, PIR, ORCL
17 December 2015- ACN, RAD, GIS, SAFM, RHT
18 December 2015- BBRY, DRI, KMX, LEN