Stock Market Watch for the Week of February 4th

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Stocks closed the month of January strong, as it had its best start to the year since 1987. It all happened while the government was mostly shut down, and trade talks between China still ongoing.

That said, comments out of the Federal Reserve Bank, have been the main driver for the rally in the stock market. On January 30, the FOMC decided to leave interest rates untouched. Also, they removed references of further gradual rate increases, as they plan to continue with current floor approach.

In other words, the Fed is doing its best to please the markets. That said, the focus for the coming week is the State of the Union Address, earnings, and more earnings. We’ll be getting quarterly results from Alphabet, Disney, Electronic Arts, and GM.

So far, earnings have been mixed. For example, Amazon, Nvidia, and Apple have guided lower, while oil companies like Exxon and Chevron are starting to break out towards the upside.

That said, volatility has come in a lot since December 24, when the VIX traded above 36. However, it closed at 16.16 on Friday, a sign that traders are becoming complacent once again.

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Source: Yahoo

Here are how some of the most actively traded index ETFs performed over the week: SPDR S&P 500 ETF (SPY) +1.61%, iShares Russell 2000 ETF (IWM) +1.25%, SPDR Dow Jones Industrial Average ETF (DIA) +1.25%, Invesco QQQ Trust (QQQ) +1.39%

Here are how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) +3.38%, iShares 20+ Year Treasury Bond (TLT) +0.36%, SPDR Gold Shares (GLD) +1.33%

Economic Releases:
5 Feb 2019- State of the Union Address 9PM ET

6 Feb 2019- International Trade 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

7 Feb 2019- Jobless Claims 8:30 AM ET

Key Earnings:
4 Feb 2019- GOOGL, STX, WSM, GILD, ON, CLX, SYY, ALXN

5 Feb 2019- ADM, EL, EMR, ENR, HUBB, LAZ, RL, VIAB, WCG, WDR, APC, CERN, DATA, DIS, EA, GNW, MCHP, PAA, PAYC, SFLY, SKY, SNAP, SWKS, ULTI, VOYA, ZEN, VRTX

6 Feb 2019- BSX, GM, HUM, LLY, REGN, TTWO, WD, CMG, ELY, FEYE, GPRO, HIVE, IRBT, NEWR, MET, ORLY, PRU, ZNGA, WERN, VVV

7 Feb 2019- ADNT, AMAG, CAH, DNKN, EIGI, GRUB, HAIN, K, LEE, LH, PENN, TWTR, WWE, YUM, ANGI, EXPE, FISV, G, HUBG, IAC, MAT, NCR, QRVO, VRSN, VRTU

8 Feb 2019- ARNC, CBOE, CLF, COTY, EXC, PSX, RDN

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May 7, 2017 The Week Ahead

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The stock market shows no signs of slowing down. It’s been resilient to say the very least. That said, the next obstacle comes this Sunday, with the French presidential election being the catalyst. The markets are hoping that Emmanuel Macron wins, who represents the establishment. On the other hand, if Marine Le Pen pulls off the upset, we could see an increase in market volatility on Monday. That said, the markets aren’t betting on it, on Friday, the VIX closed at 10.57.

Here are how some of the most popular ETF Indices performed: SPDR S&P 500 ETF (SPY) +0.68%, iShares Russell 2000 (IWM) -0.05%, SPDR Dow Jones Industrials Average ETF (DIA) +0.33%, and PowerShares QQQ ETF (QQQ) +1.44%

Earnings continue to flow, some of the interesting names reporting include: Disney, Snap Inc., Yelp, and Electronic Arts.

Here are how some futures/commodity related ETF’s performed: United States Oil Fund (USO) -5.66%, iShares 20+ Year Treasury Bond (TLT) -0.87%, SPDR Gold Shares (GLD) -3.11%.

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

Key Economic Data:
10 May 2017- EIA Petroleum Status Report 10:30 AM ET
11 May 2017- Jobless Claims 8:30 AM ET, PPI 8:30 AM ET
12 May 2017- Consumer Price Index 8:30 AM ET; Retail Sales 8:30 AM ET

Key Earnings:
08 May 2017- JD, LBTYA, NWL, ON, ONDK, SYY, TSN, AMC, EOG, FN, HTZ, MAR, P, TSO
09 May 2017- AGN, CBOE, DF, DISCA, DUK, RESI, SEAS, TDG, VRX, BUFF, DIS, EA, FOSL, JAZZ, MCHP, NEWR, NVDA, PCLN, TRIP, TRUE, TWNK, YELP, ZAYO
10 May 2017- COTY, CROX, IPXL, MYL, SODA, TIME, VSI, WIX, FOXA, HOLX, LPSN, SNAP, WFM, SYMC
11 May 2017- KSS, OA, M, SNK, TPB, VSTO, JWN, CA, JAG
12 May 2017- GOLF, JCP

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