October 11, 2015 The Week Ahead

The S&P 500 ended the week significantly higher, up over 3% and now trading above 2000. In fact, we’re just 5% off from the 52 week high and nearly 13% above the 52 week lows.

With that said, the VIX closed around 17, dropping more than 15% for the week.

Many attribute this move higher to the fact that the Fed is less likely to raise rates this year. In addition, incoming weak economic data makes it more likely we won’t see a rate hike any time in the near future. We’re back to the ol’ bad news is good for the market mantra.

Crude Oil futures closed the week at one month highs… nearly $3 away from 3-month highs. The United States Oil Fund (USO) was up more than 8% on the week.

Earnings season picks up steam this week as we’ve got earnings from the likes of The Goldman Sachs Group, Delta Air Lines, Intel Corporation, General Electric, and Netflix to name a few.

Key Economic Data:
14 October 2015- PPI 8:30 AM ET, Retail Sales 8:30 AM ET
15 October 2015- Consumer Price Index 8:30 AM ET, Jobless Claims 8:30 AM ET, Philadelphia Fed Business Outlook Survey 10:00 AM ET
16 October 2015- Industrial Production 9:15 AM ET

Key Earnings:
12 October 2015- INFY
13 October 2015- FAST, ADTN, CSX, INTC, JPM, LLTC
14 October 2015- BAC, BLK, DAL, WFC, NFLX, XLNX
15 October 2015- BX, C, FCS, GS, KEY, MAT, MTG, PM, PPG, SCHW, TSM, USB, AMD, SLB
16 October 2015- GE, HON, KSU