Week of December 10th Stock Market Watch

Stocks suffered significant losses over the week, as market sentiment turns bearish. The Nasdaq fell by more than 4%, the S&P 500 and Dow each lost more than 3.5% on the week. Among the losers included: Bank of America -9.3%, Apple -6.1%, Ulta Beauty -15.2%, and Square -13.05%.

The trade war between the U.S. and China, and the fear of more interest rate hikes are some of the reasons why stocks have been selling off.

However, it comes after Fed President Jerome Powell publicly saying that interest rates are just below neutral, and China and the U.S. announcing a temporary trade truce. That said, with the yield curve flattening, traders can expect to see more volatility.

The VIX closed at 23.23 on Friday.

In commodity news, OPEC announced that it would be cutting oil production, a move that should keep prices stable after declining to nearly $50 per barrel.

Here are how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) +2.21%, iShares 20+ Year Treasury Bond (TLT) +3.05%. SPDR Gold Shares (GLD) +2.03%

Economic Releases:
11 Dec 2018- PPI-FD 8:30 AM ET

12 Dec 2018- CPI 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

13 Dec 2018- Jobless Claims 8:30 AM ET

14 Dec 2018- Retail Sales 8:30 AM ET; Industrial Production 9:15 AM ET

Key Earnings:
10 Dec 2018- SFIX, ASNA, CASY, SEAC

11 Dec 2018- DSW, FRAN, AEO, PLAY, PWOL, PVTL

12 Dec 2018- PLAB, VRA, TLRD, NCS, OXM

13 Dec 2018- CIEN, FRED, VNCE, ADBE, COST, LRAD

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