May 14, 2017 The Week Ahead

The stock market saw a minor sell off during the week. All but one major average finished lower, the Nasdaq. That said, sell-offs have been few and far between. The VIX actually had its lowest reading since 1993 this week; however, managed to close above 10, at 10.40 on Friday.

Earnings have been decent with some few exceptions. For example, Macy’s fell 18.5%, and J.C. Penney Company dropped 17.12%. That said, more retailers will be announcing next week, they include: Wal-Mart, Gap Stores, Urban Outfitters, and Target.

Here are how some of the most popular ETF Indices performed: SPDR S&P 500 ETF (SPY) -0.30%, iShares Russell 2000 (IWM) -1.06%, SPDR Dow Jones Industrials Average ETF (DIA) -0.36%, and PowerShares QQQ ETF (QQQ) +0.77%

Oil prices rebounded but are still down more than 10% on the month. Here are how some futures/commodity related ETF’s performed: United States Oil Fund (USO) +3.00%, iShares 20+ Year Treasury Bond (TLT) -0.87%, SPDR Gold Shares (GLD) -0.15%.

Below you’ll find what is else is on the schedule:

Key Economic Data
16 May 2017- Housing Starts 8:30 AM ET; Industrial Production 9:15 AM ET
17 May 2017- EIA Petroleum Status Report 10:30 AM ET,
18 May 2017- Jobless Claims 8:30 AM ET; Philly Fed Survey 8:30 AM ET

Key Earnings
15 May 2017- TRVG, VIPS
16 May 2017- DKS, HD, SINA, SPLS, SSYS, TJX, VRTU, JACK, URBN, STV
17 May 2017- AEO, QIWI, TGT, CSCO, FLO, LB, SNPS
18 May 2017- BONT, EXP, MNRO, RL, SSI, WMT, AMAT, CRM, GPS, MCK, ROST
19 May 2017- CBD, DE, FL

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