July 12, 2020 04:36 PM RSS

The Week Ahead: Federal Reserve Chairman Powell To Speak Again On Thursday

  • Wall Street Rebel | Geoff Garbacz
  • 01/07/2019 7:37 AM
The Week Ahead: Federal Reserve Chairman Powell To Speak Again On Thursday

The, Russell 2000, NASDAQ 100, S&P 100 and the Dow Jones Industrial Average were higher for the week thanks to Friday’s action.

1.Geopolitical and Fiscal Events. The U.S. Government remains in a limited shut down. Wednesday sees Federal Reserve Presidents Bostic, Evans and Rosengren speak. Thursday sees Federal Reserve Chairman Powell speak as well as Federal Reserve Presidents Barkin, Bullard and Evans with Federal Reserve Vice Chairman Clarida as well.

2.Economic Releases. Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as ISM Non-Manufacturing, NFIB Small Business Optimism, FOMC Minutes and CPI.

3.Earnings Releases. Notable releases this upcoming week include CMC HELE AZZ STZ LEN AYI WDFC DAL SNX APHA.

Monday, January 7

December ISM Non-Manufacturing Index is due out at 10:00 a.m. EDT and is expected to fall to 58.8 from 60.70.

Tuesday, January 8

December NFIB Small Business Optimism is due out at 6:00 a.m. EDT and came in last month at 104.80.

Federal Express (FDX) holds its analyst meeting and is a Type 4 Long Squeeze. Wednesday, January 9

December Federal Reserve Open Market Committee (FOMC) Minutes are due out at 2:00 p.m. EDT.

Thursday, January 10

Federal Reserve Chairman Jerome Powell speaks to the Economic Club of Washington.

The latest short interest data from the NYSE and NASDAQ is due out after the close of trading and will reflect trading through Thursday, December 27th.

Friday, January 11

December CPI is due out at 8:30 a.m. EST and is expected to fall to -0.1% from 0.0%.

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