The Week Ahead For August 16th to 20th

by Geoff Garbacz | 08/14/2021 12:24 PM
The Week Ahead For August 16th to 20th

The S&P 500, Dow Jones Industrial Average and NASDAQ 100 were all higher for the week. Meanwhile the Russell 2000 was lower.

1.Geopolitical and Fiscal Events. On Wednesday the latest  Federal Reserve Open Market Committee (FOMC) Meeting Notes are due out. Congress remains on recess while the Supreme Court is still hearing cases.

2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as Empire State Manufacturing, Retail Sales, Industrial Production, Housing Starts, Leading Indicators and Philadelphia Fed Manufacturing. 

3.Earnings Releases.  Notable releases this upcoming week include RBLX TME WMT HD NVDA CSCO AMAT EL DE FL. 

Monday, July 26th

August Empire State Manufacturing is due out at 8:30 a.m. EDT and is expected to fall to 26 from 43.

Tuesday, July 27th

July Retail is due out at 8:30 a.m. EDT and is expected to come in at -0.2% from 0.6% in June.

July Industrial Production is due out at 9:15 a.m. EDT and is expected to rise to 0.5% from -0.4% in June.

Wednesday, July 28th

July Housing Starts are due out at 10:00 a.m. EDT and are expected to fall to 1,610,000 from 1,643,000.

The Federal Reserve Open Market Committee (FOMC) Minutes are due out at 2:00 p.m. EDT and are expected to be more hawkish in tone.

Thursday, July 29th

July Leading Indicators is due out at 10:00 a.m. EDT and is expected to come in at  0.8% from 0.7%  last month.

July Philadelphia Fed Index is due out at 8:30 a.m. EDT and are expected to rise to 24 from 21.09.

Friday, July 30th

No events of note. A perfect day for a round of golf.

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