February 7, 2016 The Week Ahead
The S&P 500 had a rough week, selling off about 3%. As the market continues to remain weak this year. The NASDAQ has hit five month lows, as some earnings come in disappointing. For example, Apple, Amazon, LinkedIn, and Microsoft have all reacted poorly to earnings.
Not to mention, we’ve seen weakness in the Asian markets, jobs data, and crude oil prices. Let’s see if we catch a break in volatility, as China prepares to celebrate their new year and closing their markets.
The VIX closed the week higher, right above 23.38.
Crude oil prices sold off this week, down nearly 8% and not too far off our most recent lows. We’re barely trading above $30 per barrel.
On the economic front, there isn’t that much on the schedule. However, there are a ton of earnings on the schedule.
Here’s what else is on tap:
Key Economic Data:
11 February 2016- Jobless Claims 8:30 AM ET
12 February 2016- Retail Sales 8:30 AM ET
Key Earnings:
8 February 2016- L, HAS, FOX, PAA, YELP
9 February 2016- CVS, KO, MAS, VIAB, WYN, AKAM, DIS, NCR, NUAN, PNRA, WU
10 February 2016- ARMH, TWX, EXPE, IRBT, TWTR, WFM, ZNGA, MYL, LOCK, FNF
11 February 2016- AVP, BTU, BWA, CAG, GNC, K, MOS, NOK, PEP, RIO, SHPG, TAP, TIME, WWAV, AIG, ATVI, CBS, CYBR, FEYE, GRPN, INFN, P, QLIK, RSG
Key Conferences:
8 February 2016- Credit Suisse Financial Services Forum (runs till 2/10)
9 February 2016- Bank America Merrill Insurance Conference (runs till 2/11), Goldman Sachs Tech Conf (runs till 2/11), Goldman Sachs Insurance Conf (runs till 2/11)
10 February 2016- Leerink Healthcare Conference (runs till 2/11)
11 February 2016- KBW Financial Conference (runs till 2/12)