August 21, 2016 The Week Ahead

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The S&P 500 closed the week flat, holding on to near record high levels. With that said, a lot of the most anticipated earnings have now past and the market is grinding on below average volume.

When will the volatility pick up?

One could imagine as the presidential elections near, we’ll start to see some fear and uncertainty creep in. The VIX didn’t really change much from the previous Friday’s close, still trading below 12 at 11.34.

Crude oil futures prices gained nearly 9% on the week. OPEC is set to meet next month, as crude oil futures are about 5% off their 52-week highs.

Moving on, gold futures prices were relatively unchanged, up less than .5%. In addition, T-bond futures prices fell more than 1%, and are now about 3.5% off their 52-week highs.

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

Key Economic Data:
23 Aug 2016- New Home Sales 10:00 AM ET
24 Aug 2016- Existing Home Sales 10:00 AM ET, EIA Petroleum Status Report 10:30 AM
25 Aug 2016- Durable Goods Orders 8:30 AM ET, Jobless Claims 8:30 AM ET
26 Aug 2016- GDP 8:30 AM ET, International Trade in Goods 8:30 AM ET

Key Earnings:
22 Aug 2016- CTRP, QUNR, NQ, ZOES
23 Aug 2016- BBY, DY, INTU, SJM, LZB, NMBL, RGS, TOL
24 Aug 2016- EXPR, GES, HPQ, PVH, WSM, WDAY
25 Aug 2016- FLS, EPAY, BURL, BRCD, DG, DLTR, GME, GLNG, JKS, MDT, SAFM, SHLD, SFUN, SDRL, SPLK, ZAYO, ULTA, TIF
26 Aug 2016- BIG

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August 14, 2016 The Week Ahead

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The S&P 500 closed the week nearly unchanged, holding on to record high levels. Earnings have been fairly decent across the board as we head into next week. Despite the market being near all-time highs, it hasn’t really been met with too much excitement as witnessed by the below average trading volume.

The VIX didn’t really change much from the previous Friday’s close, still trading below 12 at 11.55.

Crude oil futures prices gained more than 6% on the week. OPEC is set to meet next month, earlier in the week, the Saudi Oil Minister made comments that they’d be willing to work with other OPEC nations to stabilize prices.

Moving on, gold futures prices were relatively unchanged. In addition, T-bond futures prices gained nearly 1%, and are now about 2.5% off their 52-week highs.

Earnings season is slowing down, but we’ll be hearing from big retailers like Dick’s Sporting Goods (DKS), Home Depot (HD), Lowe’s (LOW), Target (TGT), and WalMart (WMT) just to name a few.

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

Key Economic Data:
16 Aug 2016- Consumer Price Index 8:30 AM ET, Housing Starts 8:30 AM ET, Industrial Production 9:15 AM ET
17 Aug 2016- EIA Petroleum Status Report 10:30 AM ET, FOMC Minutes 2:00 PM ET
18 Aug 2016- Jobless Claims 8:30 AM ET, Philly Fed Survey 8:30 AM ET

Key Earnings:
15 Aug 2016- SYY
16 Aug 2016- AAP, COTY, DKS, HD, TJX, CREE, URBN
17 Aug 2016- AEO, LOW, SPLS, TGT, A, CSCO, NTAP
18 Aug 2016- BONT, WMT, AMAT, GPS, ROST, DV
19 Aug 2016- DE, EL, FL, MSG

Key Conferences:
15 Aug 2016- Enercom Energy Conference (runs till 8/18)

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August 7, 2016 The Week Ahead

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The S&P 500 closed the week higher, holding on to record high levels. Earnings have been rolling out pretty smoothly and on Friday we received a really strong employment number. Sure, a lot of these gains in the market have been on extremely low volume, however; that hasn’t been raised as a concern yet. The economic schedule is light but there are more earnings to look forward too.

The VIX continued to decline during the week, closing on Friday below 12, at 11.39.

Crude oil futures prices gained almost 1% on the week, however; we’re nearly 12% off our one month highs.

Moving on, gold futures prices dropped more than 1% on the week, turning a weekly gain into a loss after Friday’s employment numbers. In addition, T-bond futures prices dropped more than 1.5%, as they fell back from yearly high levels.

As mentioned earlier, earnings season continues to roll. We’ll be hearing from Michael Kors (KORS), Valeant Pharmaceuticals (VRX), Alibaba (BABA), Yelp (YELP), and Disney (DIS) just to name a few.

Here is what is on tap for this upcoming week:

Key Economic Data:
10 Aug 2016- EIA Petroleum Status Report 10:30 AM ET
11 Aug 2016- Jobless Claims 8:30 AM ET
12 Aug 2016- Retail Sales 8:30 AM ET, PPI 8:30 AM ET

Key Earnings:
8 Aug 2016- AGN, DF, HZNP, TSN, ENDP, MCHP, NUAN, ONDK, NWSA, RAX, TWLO, WBMD
9 Aug 2016- CHTR, COH, INCY, LAMR, LNG, MYL, SNI, VRX, W, WWAV, ZBRA, CYBR, DIS, FOSL, JAZZ, MDVN, SCTY, SPWR, YELP
10 Aug 2016- JD, KORS, PRGO, RL, WEN, BUFF, SHAK
11 Aug 2016- BABA, EAT, FLO, CSAL, KSS, M, JWN, NVDA, RT
12 Aug 2016- JCP

Key Conferences:
8 Aug 2016- Credit Suisse Homebuilding & Building Products Conference (runs till 8/9)
9 Aug 2016- Credit Suisse Transports Conference (runs till 8/10); Jefferies Industrials Conference (runs till 8/11); JPMorgan Auto Conference (runs till 8/10); Oppenheimer Tech, Internet, and Communications Conference (runs till 8/10); UBS Financial Services Conference (runs till 8/10)

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