March 13, 2016 The Week Ahead
The S&P 500 finished the week higher by about 1%. Not only that, but it’s been up 8 out of the last 10 trading days. It is worth noting that it was a relatively slow week in terms of earnings and domestic economic headlines.
We did get some fireworks out of the ECB, as the announced plans of further QE. Thus far, the market has reacted positively towards this news.
Several things are clicking right now. For example, crude oil prices surged another 7% this week, closing in on $40 per barrel and sitting on 3 month highs.
The VIX is near yearly lows, at 16.50 and now lower overall year-to-date.
We’ve got a jam packed schedule, including the FOMC announcement. In addition, earnings out of Federal Express and Oracle to name a few.
Below you’ll find out what else is on tap:
Key Economic Data:
15 March 2016- PPI 8:30 AM ET, Retail Sales 8:30 AM ET
16 March 2016- CPI 8:30 AM ET, Housing Starts 8:30 AM ET, Industrial Production 9:15 AM ET, EIA Petroleum Status Report 10:30 AM ET, FOMC Meeting Announcement 2:00 PM ET, Fed Chair Press Conference 2:30 PM ET
17 March 2016- Jobless Claims 8:30 AM ET, Philly Fed Survey 8:30 AM ET
Key Earnings:
15 March 2016- DDD, DSW, VRX, ORCL, TERP, QIWI
16 March 2016- CTRP, FDX, GES, JBL
17 March 2016- ADBE, ARO, LE, MIK
Key Conferences:
14 March 2016- Citigroup CEO Conference (runs till 3/16)
15 March 2016- Bank of America Global Industrials and Autos Conference (runs till 3/18), Barclays Global Healthcare Conference (runs till 3/17)