July 5, 2015 The Week Ahead

The S&P 500 ended Friday’s action on another down note. This week we had three out of five down days, including a pretty sharp sell off on Monday. Of course, a great deal of the sell off was attributed to the uncertainty out of Europe, and whether or not Greece will accept further austerity.

Later today, the Greek citizens will vote on the referendum. With that said, keep an eye out on how the futures market reacts this evening.

In addition, earnings season kicks off again, with Alcoa, Pepsi, and Walgreens. As we get a clearer picture on how the Eurozone handles their issues, the focus will shift over to company earnings and growth.

Not only that, but we’ll get some more insight on how the FED plans on handling their rate hike, as the FOMC Minutes will be released on July 8th.

Here’s what’s on the schedule:

Key Economic Data:
7 JULY 2015- International Trade 8:30 AM ET
8 JULY 2015- FOMC Minutes 2:00 PM ET
9 JULY 2015- Jobless Claims

Key Earnings:
7 JULY 2015- TCS
8 JULY 2015- AA
9 JULY 2015- PEP, WBA