September 24, 2018 The Week Ahead
US Stocks moved steadily higher over the week, as another strong quarter was recorded on the books. Despite sitting near highs, investors are wondering how much longer the bull market can continue. Some fear that rising interest rates and debt levels could be the culprit that takes this market lower.
We’ll see what the FOMC has to say about this later in the week as they are set to meet. Interestingly, several publications including Barron’s mentioned gold over the weekend as a potential investment again.
Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) -0.15%, SPDR S&P 500 ETF (SPY) +0.38%, SPDR Dow Jones Industrial Average ETF (DIA) +2.00%, iShares Russell 2000 ETF (IWM) -0.57%
The VIX closed at 11.68 on Friday, selling off for the second straight week.
Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) +3.17%, iShares 20+ Year Treasury Bond (TLT) -1.22%, SPDR Gold Shares (GLD) +0.42%
Economic Releases:
26 Sep 2018- New 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 ET; Fed Chair Press Conference 2:30 PM
27 Sep 2018- Durable Goods Orders 8:30 AM ET; GDP 8:30 AM ET; International Trade in Goods 8:30 AM ET; Jobless Claims 8:30 AM ET
28 Sep 2018- Personal Income and Outlays 8:30 AM ET
Key Earnings:
24 Sep 2018- ASNA
25 Sep 2018- FDS, JBL, NEOG, AIR, CTAS, KBH, NKE
26 Sep 2018- ATU, KMNX, OMN, WOR, BBBY
27 Sep 2018- ANGO, CAG, FGP, MKC, RAD, CAMP
28 Sep 2018- MTN
Be sure to check out our Active Trading Masters Program | Online Courses