July 9, 2017 The Week Ahead
It was another slow week for traders as the markets grinded higher. Politics dominated the headlines, most notably the first meeting between President Trump and Russia’s Vladimir Putin. That said, earnings are around the corner again and kick off with the banks on Friday.
The Nasdaq traded relatively flat. We’ve noted that over the last couple of weeks funds have been rotating out of some of them, but it appears that has leveled off for now.
The VIX closed at 11.19 on Friday, a sign that traders are not overly concerned with the markets.
Here are how some of the most traded ETFs performed over the week: SPDR S&P 500 ETF (SPY) +0.31%, iShares Russell 2000 (IWM) -0.46%, SPDR Dow Jones Industrials Average ETF (DIA) +0.68%, and PowerShares QQQ ETF (QQQ) +0.12%
Here is how some futures/commodity related ETF’s performed over the week: United States Oil Fund (USO) -1.19%, iShares 20+ Year Treasury Bond (TLT) -2.14%, SPDR Gold Shares (GLD) -2.57%.
Below you’ll find what is else is on the schedule for the week:
Key Economic Data:
12 July 2017- EIA Petroleum Status Report 10:30 AM ET
13 July 2017- Jobless Claims 8:30 AM ET; PPI 8:30 AM ET
14 July 2017- Consumer Price Index 8:30 AM ET; Retail Sales 8:30 AM ET; Industrial Production 9:15 AM ET
Key Earnings:
10 July 2017- HELE, CUDA, VOXX
11 July 2017- PEP, AIR
12 July 2017- FAST, OZRK, MSM
14 July 2017- C, FRC, JPM, PNC, WFC
Be sure to check out our Active Trading Masters Program | Online Courses