November 13, 2016 The Week Ahead
The S&P 500 bounced back from last week, rising more than 3.5% during a very eventful week in the U.S. Early on Wednesday, it was declared that Donald Trump would become the 45th President of the United States of America. Early signs point to his presidency having an inflationary impact on markets. Certain sectors related to infrastructure and banking have performed well early on.
The Russell 2000 has outperformed the S&P 500, while the Nasdaq was relatively flat on the week.
The VIX was trading above 22 just a week ago, now it’s back to trading around 14. On Friday it closed at 14.17.
Crude oil futures price sold nearly 2% on the week, closing below $44, and are now roughly 16% off the 52-week highs. On the other hand, gold futures prices slid heavily over the week. When the dust settled, gold futures prices were down more than 6% on the week.
Key Economic Data:
15 Nov 2016- Retail Sales 8:30 AM ET
16 Nov 2016- PPI 8:30 AM ET, Industrial Production 9:15 AM ET, EIA Petroleum Status Report 10:300 AM ET
17 Nov 2016- Consumer Price Index 8:30 AM ET, Housing Starts 8:30 AM ET, Jobless Claims 8:30 AM ET, Philadelphia Fed Business Outlook Survey 8:30 AM ET
Key Earnings:
14 Nov 2016- INFO, ZOES, AAP, AR,
15 Nov 2016- DKS, HD, JD, MBLY, TEVA, VOD, ZBRA, SSYS, TJX, ARMK, BZH, A
16 Nov 2016- TGT, LOW, CSCO, NTAP, LB
17 Nov 2016- BBY, HP, SPLS, WMT, AMAT, CRM, GPS, INTU, MRVL, NUAN, POST, ROST
18 Nov 2016- ANF, BKE, FL
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