January 10, 2016 The Week Ahead
The S&P 500 is off to a rocky start, down nearly 6% in the year. Fears of a China slow-down, along with rising interest rates are possible reasons for the sell off. With that said, traders will be watching closely what happens in the Asian sessions.
In addition, crude oil prices continue to drop. They’re down over 10%, early in the new year. Crude oil futures prices are currently below $35 per barrel.
The VIX exploded, gaining over 9 points on the week, closing above 27.
If things weren’t volatile enough, earnings kick off this coming week. We are looking forward to results out of intel (INTC), as well as many of the big banks like Wells Fargo (WFC), JPMorgan (JPM), and Citigroup (C).
Here’s what else is going on:
Key Economic Data:
14 January 2016- Jobless Claims 8:30 AM ET
15 January 2016- PPI 8:30 AM ET, Retail Sales 8:30 AM ET
Key Earnings:
11 January 2016- AA
12 January 2016- CSX
13 January 2016- SVU
14 January 2016- JPM, INTC
15 January 2016- BLK, C, FAST, RF, USB WFC
Conferences:
11 January 2016- JPMorgan Healthcare Conference (runs till 1/15), UBS Greater China Conference (runs till 1/15)
12 January 2016- Deutsche Bank Global Auto Industry Conf (runs till 1/13), Needham Growth Conference (runs till 1/14)