October 9, 2016 The Week Ahead

The S&P 500 closed the week slightly lower on below average trading volume. However, things should pick up as earnings season kicks off on Tuesday with Alcoa. Also, we’ll be getting eps numbers out of some big banks including Wells Fargo and JPMorgan.

Some other big events for the week include the release of the FOMC Minutes and an OPEC Meeting.

Despite the market selling off a little… the VIX didn’t move much, closing the week at 13.48.

Crude oil futures prices rose more than 3% on the week. As mentioned earlier, OPEC will be meeting October 9 to 13th at World Energy Congress. It wouldn’t be a surprise if volatility increases surrounding this event.

Moving on, gold futures prices slipped more than 4% on the week. In addition, T-bond futures prices sold off 5-straight days and closing nearly 2% lower.

Here is what else is on the schedule for the upcoming week:

Key Economic Data:
12 Oct 2016- FOMC Minutes 2:00 PM ET
13 Oct 2016- Jobless Claims 8:30 AM ET; EIA Petroleum Status Report 11:00 AM ET
14 Oct 2016- PPI 8:30 AM ET, Retail Sales 8:30 AM ET

Key Earnings:
11 Oct 2016- AA, FAST, CUDA, HAWK, VOXX
12 Oct 2016- CSX
13 Oct 2016- DAL, LNN, MAR, PGR, AMD, KMG, FRC
14 Oct 2016- C, JPM, PNC, WFC

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