September 17, 2017 The Week Ahead
The markets finished the week at all-time highs on Friday. Investors will be shifting their attention to the upcoming FOMC meeting this week. Market pundits are debating whether or not the FED will raise rates at the upcoming meeting, we’ll just have to wait and see.
Judging by the VIX the market fears very little these days. The “fear index” closed at 10.20 on Friday.
Source: TradingView
Here are how some of the most traded ETFs performed over the week: SPDR S&P 500 ETF (SPY) +1.06%, iShares Russell 2000 (IWM) +2.29%, SPDR Dow Jones Industrials Average ETF (DIA) +1.93%, and PowerShares QQQ ETF (QQQ) +1.28%
Here is how some futures/commodity related ETF’s performed over the week: United States Oil Fund (USO) +4.83%, iShares 20+ Year Treasury Bond (TLT) -1.66%, SPDR Gold Shares (GLD) -1.91%.
Below you’ll find what is else is on the schedule for the week:
Economic Releases:
19 Sep 2017- Housing Starts 8:30 AM ET
20 Sep 2017- Existing Home Sales 10:00 AM ET, EIA Petroleum Status Report 10:30 AM ET; FOMC Meeting Announcement 2:00 PM ET; FOMC Forecasts 2:00 PM
21 Sep 2017- Jobless Claims 8:30 AM ET; Philly Fed Survey 8:30 AM ET
20 Sep 2017- PMI 9:45 AM ET
Key Earnings:
18 Sep 2017- SCS
19 Sep 2017- AZO, ADBE, BBBY, FDX, KOOL
20 Sep 2017- GIS, JBL
22 Sep 2017- FINL, KMX
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