September 17, 2018 The Week Ahead
US Stocks rallied over the week, but still remain vulnerable to headline risk. Specifically, the ongoing trade negotiations between China. Thus far, the market has rallied when there have been rumors on a trade agreement and has sold-off on rumors that more tariffs will be implemented.
It remains a wait and see scenario.
Notable stock movers over the week included: KR -14%, TLRY +40%, and AMD +19.5%
Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) +1.59%, SPDR S&P 500 ETF (SPY) +1.14%, SPDR Dow Jones Industrial Average ETF (DIA) +0.91%, iShares Russell 2000 ETF (IWM) +0.49%
The VIX closed at 12.07 on Friday, selling off more than 2.5 pts on the week.
Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) +1.59%, iShares 20+ Year Treasury Bond (TLT) -0.49%, SPDR Gold Shares (GLD) -0.19%
Economic Releases:
19 Sep 2018- Housing Starts 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET
20 Sep 2018- Jobless Claims 8:30 AM ET; Philly Fed Business Survey 8:30 AM ET;
Existing Home Sales 10:00 AM ET
Key Earnings:
17 Sep 2018- FDX, ORCL
18 Sep 2018- AZO, GIS, APOG, CBRL
19 Sep 2018- RHT
20 Sep 2018- DRI, MU, SCS, UNFI, THO
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