July 16, 2018 The Week Ahead

Many media outlets would like you to believe that the President’s economic policies have been a disaster to date. Despite worries of inflation rising and potential trade wars with China, the Nasdaq hit all-time highs and the S&P 500 hit its highest price level in 5 months.

Focus will now turn to earnings as several large caps report, companies like Microsoft, Johnson & Johnson, and Bank of America. Other notable earnings include: Netflix, American Express, IBM, Goldman Sachs, Ebay, and UnitedHealth Group Incorporated.

Stocks in play last week included: FAST +14.6%, IQ +13.5%, AVGO -18.3%, LB -13.6%

Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) +2.28%, SPDR S&P 500 ETF (SPY) +1.51%, SPDR Dow Jones Industrial Average ETF (DIA) +2.29%, iShares Russell 2000 ETF (IWM) -0.49%

The VIX declined sharply, closing at 12.18 on Friday.

Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) -3.28%, iShares 20+ Year Treasury Bond (TLT) -0.02%, SPDR Gold Shares (GLD) -1.05%

Economic Releases:
16 July 2018- Retail Sales 8:30 AM ET

17 July 2018- Industrial Production 9:15 AM ET

18 July 2018- Housing Starts 8:30 AM ET

19 July 2018- Jobless Claims 8:30 AM ET; Philly Fed Business Survey 8:30 AM ET

Key Earnings:
16 July 2018- ACI, BAC, BLK, JBHT, LUB, NFLX, RIO

17 July 2018- CMA, GS, JNJ, PGR, SCHW, UNH, BHP, CSX, IBKR, MLNX, UAL

18 July 2018- ABT, ASML, GWW, MS, NVS, NTRS, TXT, USB, AXP, AA, CCI, CCK, CP, EBAY, IBM, SLG, URI8

19 July 2018- BBT, BK, BX, DHR, DPZ, FITB, GPC, KEY, NUE, PM, PPG, RPM, SAP, SON, TRV, TSM, UN, UNP, WBC, CE, COF, ETFC, ISRG, MSFT, PBCT, SWKS

20 July 2018- BHGE, CFG, CLF, GE, GNTX, HON, KSU, RF, SWK, VFC, SLB, MAN

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