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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January 8, 2018 The Week Ahead

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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.

graph
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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January 9, 2017 The Week Ahead

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The stock market closed at all-time high levels on Friday, with the Dow Jones Industrials nearly touching 20k intraday. For the most part, trading volumes were light during the first four days of the new year. One should expect trading volumes to pick up as we enter earnings next week. Specifically, we’ll be hearing from some of the bigger names in the banking sector.

Interestingly, fear in the market has nearly disintegrated, as the VIX closed at 11.32 on Friday.

Crude oil futures closed the week on a 3-day winning streak, but ended up nearly unchanged overall. With that said, prices are near their 52-week highs.

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -0.34%, iShares 20+ Year Treasury Bond (TLT) +1.61%, SPDR Gold Shares (GLD) +1.32%.

It appears that bank earnings will be one of the more important events, which will happen on Friday. We’ll be hearing from Bank of America, Wells Fargo, and JPMorgan.

Here are a list of events that traders will be watching:

Key Economic Data:
11 Jan 2017- EIA Petroleum Status Report 10:30 AM ET
12 Jan 2017- Jobless Claims 8:30 AM ET
13 Jan 2017- PPI-FD 8:30 AM ET, Retail Sales 8:30 AM ET

Key Earnings Release Dates:
9 Jan 2017- CUDA, APOL, GPN, VOXX
10 Jan 2017- LW
11 Jan 2017- KBH, SVU
12 Jan 2017- FCEL, TSM
13 Jan 2017- BAC, BLK, INFY, JPM, PNC, WFC

Key Conferences:
9 Jan 2017- ICR Exchange Consumer Conference (runs till 1/11); JPMorgan Healthcare Conference (runs till 1/13).
10 Jan 2017- Needham Growth Conference (runs till 1/12)

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October 9, 2016 The Week Ahead

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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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April 10, 2016 The Week Ahead

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The S&P 500 finished the week lower, however; we’re only 1.32% off our yearly highs heading into earnings season. With that said, several names in the financial sector will be reporting. This includes JPMorgan, Wells Fargo, Bank of America, and Citi to name a few.

The VIX closed the week more than two points higher from last Friday, at 15.36. It didn’t stick in the 13-range for too long.

Crude oil finished the week higher, more than 6% as they inch back near $40 per barrel. Part of the help came from the EIA Petroleum numbers, which indicated greater than expected draws in supply.

Here’s what’s on tap for this week coming up…

Key Economic Data:
13 April 2016- Retail Sales 8:30 AM ET, PPI-FD 8:30 AM ET, EIA Petroleum Status Report 10:30 AM ET
14 April 2016- Consumer Price Index 8:30 AM ET, Jobless Claims 8:30 AM ET
15 April 2016- Industrial Production 9:15 AM ET

Key Earnings:
11 April 2016- AA
12 April 2016- FAST, CSX, ADTN
13 April 2016- JPM, PIR
14 April 2016- BAC, BLK, DAL, PGR, TSM, WFC, AMD, CHKE
15 April 2016- C, RF, SCHW