February 12, 2017 The Week Ahead

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The markets keep rolling higher… seems like nearly every other day an all-time high is being made. For the S&P 500, that makes 3 straight weeks where it’s gained. Despite the majority of the media hating on the new President, the markets are painting a totally different picture.

President Trump has announced that he has plans to make some major changes to the tax code. Some market participants believe that this will benefit corporations greatly. This might explain some of the recent optimism in the markets.

Earnings continue to pour in. Thus far, they haven’t been especially great nor especially bad. One only needs to look at the VIX to get that picture. The VIX closed the week below 11, at $10.85.

Moving on to gold and oil.

Crude oil futures closed the week slightly higher, gaining the last three days and ending up .10%. In precious metals, gold futures prices finished the week higher, gaining more than 1.1%

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -0.35%, iShares 20+ Year Treasury Bond (TLT) +1.48%, SPDR Gold Shares (GLD) +1.27%.

Some key earnings include: Teva Pharmaceuticals, T-Mobile, McDonald’s, and PepsiCo, Inc.

Here is a list of some events that traders will be following:

Key Economic Data:
14 Feb 2017- PPI 8:30 AM ET
15 Feb 2017- Consumer Price Index 8:30 AM ET, Retail Sales 8:30 AM ET, Industrial Production 9:15 AM ET, EIA Petroleum Status Report 10:30 AM ET
16 Feb 2017- Housing Starts 8:30 AM, Jobless Claims 8:30 AM ET, Philly Fed Survey 8:30 AM ET

Key Earnings:
13 Feb 2017- FDC, HCP, ON, TEVA, VSM, AMKR, BRKR, CRX, CSOD, FLO, GPOR, OMF, VNO
14 Feb 2017- AMAG, CS, DBD, DISCA, DPS, GNRC, FLIR, INCY, SALE, TAP, TMUS, TRU, VG, A, AIG, BYD, CALX, CSR, DVN, ENLK, ESRX, FANG, FOSL, HIVE, HUBS, LC, NBIX, VDSI
15 Feb 2017- ANGI, GRPN, HLT, LAD, OZM, PEP, SHOP, SODA, SONS, WIX, WYN, AMAT, CAR, CBS, CC, CF, CSCO, CVA, GDDY, GRPN, HAWK, KHC, MAR, MRO, NLY, NTAP, NTES, PKD, SPWR, TIVO, TRIP, WMB, WPZ
16 Feb 2017- AVP, CAB, CHTR, ALXN, DF, DUK, EPAM, GNC, H, MGM, NCI, RS, TIME, TPX, WEN, ZTS, WM, ANET, BCOV, CUBE, DVA, ED, FLS, KEYS, TRUE, WWAV
17 Feb 2017- AAN, CPB, CTB, DE, FNMA, MCD, VFC, SJM, LPNT, FLR

Key Events:
14 Feb 2017- Goldman Sachs Technology & Internet Conference (runs till 2/16)
15 Feb 2017- Leerink Global Healthcare Conference (runs till 2/16)

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October 28, 2015 Market Wrap Up

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The S&P 500 closed the day higher as it continues it’s epic surge higher this month. To date, we’re up more than 8% on the month. With that said, the FOMC meeting was as expected. They decided not to touch the key interest rates, but will revisit the idea in December.

Earlier this morning we had earnings results out of Walgreens (WBA) -10.7%, Starwood Hotels (HOT) +6.2%, and T-Mobile (TMUS).

The VIX continues to get clobbered, it was down more than 7%, now trading at 14.33.

The energy sector was strong; the United States Oil Fund (USO) was up nearly 7% today. It will be interesting to see if it rallies along with the market. There has been some dislocation between the energy and equity markets over the last month.

On the options front, we saw bullish call buying in Flextronics (FLEX). We saw bearish option activity in Oasis Petroleum (OAS).

This evening we got earnings results from GoPro (GPRO) -11%, Amgen (AMGN) +1.3%, and Paypal (PYPL) -3%.

Here’s what’s on tap tomorrow and the rest of the week:

Key Economic Data:
29 October 2015- GDP 8:30 AM ET, Jobless Claims 8:30 AM ET
30 October 2015- Personal Income 8:30 AM ET

Key Earnings:
29 October 2015- AET, CLF, COP, ESV, JAH, JCI, KERX, MO, NOK, MTH, TEVA, TWC, VALE, ZBH, BIDU, EA, LNKD, MOBL, SBUX, WU, SCTY
30 October 2015- ABBV, CVS, XOM, MYL, CVX, CL, ETN