January 8, 2018 The Week Ahead

The markets started 2018 with a bang, lead by the Nasdaq which gained more than 3% on the week. Even the S&P 500 posted one if its largest weekly gains in over a year.

The VIX closed at 9.22 on Friday, a sign that the market is optimistic and less fearful.

Source: TradingView

Looking forward to the week, earnings will be kicking off on Friday, starting with some big financial firms like Wells Fargo, JPMorgan, and BlackRock.

Here is how some of the most popularly traded index ETFs performed over the week: SPDR S&P 500 ETF (SPY) +2.07%, iShares Russell 2000 (IWM) +0.69%, SPDR Dow Jones Industrials Average ETF (DIA) +1.83%, and PowerShares QQQ ETF (QQQ) +3.31%

Here is how some futures and commodity ETF’s performed over the week: United States Oil Fund (USO) +2.84%, iShares 20+ Year Treasury Bond (TLT) -0.75%, SPDR Gold Shares (GLD) +2.02%

Below you’ll find what is else is on the schedule for the week:

Economic Releases:
10 Jan 2018- EIA Petroleum Status Report 10:30 AM ET
11 Jan 2018- Jobless Claims 8:30 AM ET; PPI 8:30 AM ET
12 Jan 2018- Consumer Price Index 8:30 AM ET; Retail Sales 8:30 AM ET

Key Earnings:
8 Jan 2018- HELE
9 Jan 2018- VOXX
10 Jan 2018- LEN, KBH, MSM, SVU
11 Jan 2018- FCEL
12 Jan 2018- JPM, BLK, PNC, WFC, INFY

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