The Week Ahead

by Geoff Garbacz | 07/12/2022 5:27 PM
The Week Ahead

Major stock indexes rose this past week across the board, making it down eleven weeks of the last fourteen weeks.

1. Geopolitical and Fiscal Events. The key issue remains how the Russian invasion of Ukraine progresses.

2. Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and CPI, PPI, Retail Sales and University of Michigan Consumer Sentiment.

3. Earning Releases. Notable releases this upcoming week include PEP PSMT (Monday), ANGO (Tuesday), FAST DAL (Wednesday), TSM JPM MS (Thursday) and UNH WFC BLK C USB(Friday).

Monday, July 11th

No events of note today.

Tuesday, July 12th

June NFIB Small Business Optimism Index is due out at 6:00 a.m. EDT and last month came in at 93.1.

The latest NYSE and NASDA Short Interest is due out after the close on data from June 13th through June 28th. During this period, the S&P 500 moved higher by 1.92%.

Wednesday, July 13th

June CPI is due out at 8:30 a.m. EDT and expected to come in at 1.10% from 1.0%. The latest Treasury Budget is due out at 2:00 p.m. EDT and the last one came in at $-66.2 billion.

Thursday, July 14th

June PPI is due out at 8:30 a.m. EDT and expected to come in at 0.9% from 0.8%.

Friday, July 15th

July Empire State Manufacturing is due out at 8:30 a.m. EDT and is expected to fall to -0.9% from -1.2% which is an improvement but still in the red.

June Retail Sales are due out at 8:30 a.m. EDT and are expected to rise to 0.8% from -0.3%.

July University of Michigan Consumer Sentiment is due out at 10:00 a.m. EDT and expected to fall to 49.4 from 50.

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