May 31, 2015 The Week Ahead

Now, the S&P 500 ended Friday’s trading slightly lower on weak volume. However, we did close the month higher.

The VIX is slightly below the 14 level; we’ve been in between the 10 to 15 range for a couple months now.

Crude Oil futures are near their 3 month highs, closing slightly above $60 per barrel. In fact, they’ve risen on a weekly basis for two straight months now. It will be interesting to hear what comments come out of the OPEC Meeting this week. Of course, this could add some of additional volatility in the energy sector.

In respect to earnings, the level of excitement is starting to die down. However, there are a number of key conferences this week. With that said, positive or negative notes coming from these conferences have the potential to move stock prices in companies mentioned.

In addition, the market will be patiently waiting to hear how or if the Greek debt situation makes any progress. Also this week, is the ECB policy meeting.

With that said, it’s a pretty busy schedule to start the month of June.

Here’s what’s on the schedule:

Key Economic Data:
1 JUNE 2015- Personal Income & Outlays 8:30 AM ET, ISM Manufacturing Index 10 AM ET
3 JUNE 2015- International Trade 8:30 AM ET
4 JUNE 2015- Jobless Claims 8:30 AM ET
5 JUNE 2015- Employment Situation 8:30 AM ET

Key Earnings:
1 JUNE 2015- BLOX
2 JUNE 2015- CONN, DG, AMBA, GES, ASNA, MDT
3 JUNE 2015- VRA, FIVE
4 JUNE 2015- CIEN, CYBX, JOY, SJM, LE, DMND, PAY, RALY, ZUMZ, ZOES

Key Conferences:
1 JUNE 2015 (started on 5/29 and runs till 6/2)- American Society of Clinical Oncology
1 JUNE 2015 (runs till 6/2)- RBC Capital Markets Global Energy and Power Executive Conference
1 JUNE 2015 (runs till 6/3)- Bank of America Global Technology Conference
1 JUNE 2015 (runs till 6/4)- Jefferies Healthcare Conference
2 JUNE 2015 (runs till 6/3)- Deutsche Bank Global Financial Services Conference
2 JUNE 2015 (runs till 6/3)- Goldman Sachs Lodging, Gaming, Restaurant, Leisure Conference
2 JUNE 2015 (runs till 6/4)- Bank of America Global Telecom & Media Conference
3 JUNE 2015- OPEC Semi-Annual Meeting
3 JUNE 2015 (runs till 6/4)- Credit Suisse E&C Conference
3 JUNE 2015 (runs till 6/4)- Deutsche Bank Industrial & Basic Material Conference