September 3, 2017 The Week Ahead
The markets finished off the summer in impression fashion, posting gains across the board. With earnings subsiding attention will focus on the economic impact of Hurricane Harvey, the debt ceiling, and potential conflict between North Korea. Thus far, neither one of these issues has been able to stop the stock market’s rise.
Judging by the VIX the market fears very little these days. The “fear index” closed at 10.13 on Friday.
Source: TradingView
Here are how some of the most traded ETFs performed over the week: SPDR S&P 500 ETF (SPY) +1.34%, iShares Russell 2000 (IWM) +2.66%, SPDR Dow Jones Industrials Average ETF (DIA) +0.86%, and PowerShares QQQ ETF (QQQ) +2.84%
Here is how some futures/commodity related ETF’s performed over the week: United States Oil Fund (USO) -0.82%, iShares 20+ Year Treasury Bond (TLT) -0.45%, SPDR Gold Shares (GLD) +2.70%
Below you’ll find what is else is on the schedule for the week:
Economic Releases:
6 Sep 2017- International Trade 8:30 AM ET
7 Sep 2017- Jobless Claims 8:30 AM ET, EIA Petroleum Status Report 11:00 AM ET
Key Earnings:
5 Sep 2017- COUP, DLTH, HOME, HPE, PLAY
6 Sep 2017- CASY, FRAN, FRED, HDS, NAV, GWRE, NCS, RH
7 Sep 2017- BKS, FNSR, PAY
8 Sep 2017- KR
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