The, Russell 2000, NASDAQ 100 and the Dow Jones Industrial Average were higher for the seventh week in a row. Meanwhile the S&P 100 had its first losing week in seven.
1.Geopolitical and Fiscal Events. Monday sees Federal Reserve Board of Governors Member Michelle Bowman to speak at 11:00 a.m. EST. Also, on Monday U.S. and China Mid Level Trade Talks in China with Treasury Secretary Mnuchin begin. Wednesday sees Federal Reserve Atlanta and Cleveland Presidents Bostic and Mester speak. Friday could see another government shut down.
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 NFIB Small Business Optimism Index, CPI, retail sales, PPI, Industrial Production and Empire State Manufacturing.
3.Earnings Releases. Notable releases this upcoming week include QSR L OXY ATVI CSCO AIG KO AZN PEP KFT.
Monday, February 11
U.S. and China Mid Level Trade Talks in China with Treasury Secretary Mnuchin begin.
The latest short interest data for the NYSE and NASDAQ through settlement date of January 31st is due out after the close. During this collection period of January 11th through the 29th , the S&P 500 rose 1.68%.
Tuesday, February 12
NFIB Small Business Optimism Index is due out at 6:00 a.m. EST and came in last month at 104.4.
Wednesday, February 13
January CPI is due out at 8:30 a.m. EDT and is expected to rise to 0.10% from -0.1%.
The December Treasury Budget is due out at 2:00 p.m. EST and is expected to improve to $-11.00 billion from $-23.2 billion.
Thursday, February 14
December Retail Sales are due out at 8:30 a.m. EST and are expected to remain at 0.2%.
January PPI is due out at 8:30 a.m. EST and is expected to rise to 0.1% from -0.2%.
Humana (HUM) holds its analyst meeting and is a Type 4 Long Squeeze.
Friday, February 15
February Empire State Manufacturing Index is due out at 8:30 a.m. EST and is expected to rise to 7.0 from 3.9.
January Industrial Production is due out at 9:15 a.m. EST and is expected to fall to 0.2% from 0.3%.
University of Michigan Consumer Sentiment Index is due out at 10:00 a.m. EST and is expected to rise to 94 from 91.20.
Another government shutdown at midnight?