June 7, 2015 The Week Ahead

The S&P 500 has been stuck in a range for sometime now. The market is still uncertain on how things in Greece will play out. In addition, they’re watching economic numbers to get a feel on when the Federal Reserve Bank will actually start to raise interest rates.

The VIX is slightly above the 14 level; however, on Friday, we did see it drop over 3% and close at 14.21.

Crude Oil futures hit 3 month highs earlier in the week; however, they closed below $60 per barrel. Coming into the OPEC Meeting the market was anticipating an increase in volatility. That didn’t really happen, as crude oil futures prices rose less than 2% on Friday.

Now, outside of waiting for news out of Greece, there isn’t much on the schedule. We’re light on economic news and earnings are dwindling. However, there are a number of conferences this week to pay attention to, starting on Monday.

Here’s what’s on the schedule:

Key Economic Data:
11 JUNE 2015- Jobless Claims 8:30 AM ET, Retail Sales 8:30 AM ET
12 JUNE 2015- PPI 8:30 AM ET

Key Earnings:
8 JUNE 2015- SHLD, PLAY, FCEL, HRB, SB
9 JUNE 2015- HOV, LULU
10 JUNE 2015- FRAN, BOX, KKD, MW
11 JUNE 2015- BOJA, RH, XONE

Key Conferences:
8 JUNE 2015 (runs till 6/12)- Apple World Wide Developers Conference
8 JUNE 2015 (runs till 6/11)- William Blair Growth Stock Conference
9 JUNE 2015 (runs till 6/10)- Morgan Stanley Financial Conference
9 JUNE 2015 (runs till 6/10)- Piper Jaffray Consumer Conference
9 JUNE 2015 (runs till 6/11)- Deutsche Global Consumer Conference
9 JUNE 2015 (runs till 6/11)- Goldman Sachs Healthcare Conference
9 JUNE 2015 (runs till 6/11)- NAREIT’s Investor Forum