November 20, 2017 The Week Ahead
The markets were able to rally after seeing some volatility over the week. It appears that were fears in the junk bond markets as well as doubt on if the new tax plan would pass the house. Those fears have not worn off, and the markets are back to their slow grind up.
We are entering a shortened week due to the Thanksgiving holiday. For the most part, earnings are light and expect trading volumes to drop as well.
The “fear index” closed at 11.43 on Friday; after trading above 14 earlier in the week.
Source: TradingView
Here are how some of the most traded ETFs performed over the week: SPDR S&P 500 ETF (SPY) -0.01%, iShares Russell 2000 (IWM) +1.99%, SPDR Dow Jones Industrials Average ETF (DIA) -0.22%, and PowerShares QQQ ETF (QQQ) -0.03%
Here is how some futures/commodity related ETF’s performed over the week: United States Oil Fund (USO) -0.88%, iShares 20+ Year Treasury Bond (TLT) 1.59%, SPDR Gold Shares (GLD) +0.00%
Below you’ll find what is else is on the schedule for the week:
Economic Releases:
21 Nov 2017- Existing Home Sales 10:00 AM ET
22 Nov 2017- Durable Goods Orders 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET
24 Nov 2017- PMI Composite Flash 9:450 AM ET
Key Earnings:
20 Nov 2017- A, ENTA, INTU, PANW, URBN
21 Nov 2017- ADI, BURL, CHS, CPB, CTRN, DLTR, DY, EV, LOW, MOV, SIG, CRM, GES, GME, HPE, HPQ
22 Nov 2017- DE, ROVI
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