March 27, 2016 The Week Ahead
The S&P 500 finished the week slightly lower, however; continues to show resilience against a number of negative headlines. GDP numbers on Friday were taken well. This may induce some fear of an upcoming rate hike at the next FOMC meeting. Traders will be listening to FED members and their rhetoric as the date approaches.
The VIX is trading below 15, an indication that the market doesn’t have a whole lot of fear at the moment. Of course, it’s generally when we experience complacency, when we start to see volatility pick up. Are we there yet? We’ll just have to wait and see, but there isn’t much on the schedule in terms of earnings and economic events.
Crude oil finished the week relatively flat, however; it’s down about 5% over the last three trading sessions. Nonetheless, a very impressive move over the last month and a half, from mid 20s to near 40s.
Here’s what’s on tap for this week coming up, and Happy Easter from all of us at TVC.
Key Economic Data:
28 March 2016- International Trade in Goods 8:30 AM ET, Personal Income and Outlays 8:30 AM ET
30 March 2016- EIA Petroleum Report 10:30 AM ET
31 March 2016- Jobless Claims 8:30 AM ET
1 April 2016- Employment Situation 8:30 AM ET, ISM Manufacturing Index 10:00 AM ET
Key Earnings:
29 March 2016- LEN, PLAY
30 March 2016- MU, PAYX
31 March 2016- SONS
1 April 2016- BBRY