March 26, 2017 The Week Ahead
The week was dominated by politics and uncertainty. We saw some signs of volatility enter the market, the SPY closed the week down 1.34%. However, that wasn’t the worse, the Russell 2000 index was down nearly 3% on the week.
It all started when there were whispers that the new administration would not garner enough votes to get their new healthcare bill signed. In which was viewed as a setback to the Trump Administration, which in turn caused markets to sell off. If he is unable to execute on his policies, maybe the market has gotten too ahead of itself.
Where is the VIX in all of this?
The VIX showed some life during this week full of political drama. It closed the week at 12.96, hitting a high above 14 at one point during the week.
Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -2.32%, iShares 20+ Year Treasury Bond (TLT) +1.89%, SPDR Gold Shares (GLD) +1.60%.
Here is a list of some events that traders will be following during the week:
Key Economic Data:
28 March 2017- International Trade in Goods 8:30 AM ET
29 March 2017- Pending Home Sales Index 10:00 AM ET
30 March 2017- GDP 8:30 AM ET; Jobless Claims 8:30 AM ET
31 March 2017- Personal Income and Outlays 8:30 AM ET
Key Earnings:
27 March 2017- GMRE, CALM, GII, RHT, DGLY, ZYNE
28 March 2017- CCL, DRI, FDS, GALT, HOME, OREX, MKC, OLLI, PLAY, PTX, RH, SONC, VRNT
29 March 2017- PRGS, WRD, GEVO, OMN
30 March 2017- LNN, SNAK, TITN, EGLE, PRKR, UNXL
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