Stock Market Watch For the Week of July 15th

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The S&P 500 and Dow Jones broke through all-time highs on Friday, on the hopes that the Fed will cut interest rates in its meeting in late July.

For the last month, politics and policy have been dominating the headlines (the Fed, and trade talks). However, earnings season starts on Monday, and traders will be shifting their attention on that.

We’ve all been hearing about how the global economy is slowing down. Heck, China’s GDP just grew at its slowest pace in 27 years.

Will we start seeing the slowdown when companies issue guidance?

With a slew of earnings that include JPMorgan, Goldman Sachs, Netflix, Microsoft, and many others– we’ll have an answer to that question shortly.

As of now, the market seems unfazed, as witnessed by a declining VIX.

graph

Source: Yahoo

Here are how some of the most actively traded index ETFs performing over the week: SPDR S&P 500 ETF (SPY) +0.73%; iShares Russell 2000 ETF (IWM) -0.36%; SPDR Dow Jones Industrial Average ETF (DIA) +1.53%; Invesco QQQ Trust (QQQ) +1.30%

Here is how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) +4.77%, iShares 20+ Year Treasury Bond (TLT) -1.67%, SPDR Gold Shares (GLD) +1.05%

Economic Releases:
16 July 2019- Retail Sales at 8:30 AM ET; Industrial Production 9:15 AM ET

17 July 2019- Housing Starts 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

18 July 2019- Jobless Claims 8:30 AM ET; Philly Fed Business Survey 8:30 AM ET

Earnings Releases:
15 July 2019- C, WTFC, JBHT

16 July 2019- JNJ, JPM, WFC, CSX, CTAS, HOPE, IBKR, UAL

17 July 2019- BAC, BK, CMA, PGR, PNC, TXT, USB, AA, BXS, CCI, IBM, URI

18 July 2019- DHR, DOV, POOL, GPC, MS, PM, SNA, UNH, UNP, MSFT, WAL, SCX

19 July 2019- AXP, BLK, CFG, CLF, KSU, SLB, STT

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