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The Week Ahead For February 8th-12th

  • Wall Street Rebel | Geoff Garbacz
  • 02/07/2016 02:54 PM
The Week Ahead For February 8th-12th

The Dow Jones Industrial Average, the S&P 100, Russell 2000 and the NASDAQ 100 fell for the first time in three weeks with Friday’s action cementing the loss for the week.

1.Geopolitical and Fiscal Events. Wednesday sees Federal Reserve San Francisco President John Williams speak about the economy at 1:30 p.m. EST. Wednesday and Thursday sees Federal Reserve Chairman Yellen testify before Congress. Friday sees Federal Reserve Boston President Rob Kaplan speak at 9:45 a.m. EST.

2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and retail sales along with Michigan Sentiment.

3.Earnings Releases. Notable releases include FOXA HAS KO DIS CSCO TWX PEP AIG VTR IPG.

Monday, February 8

Markets are closed all week in China for Chinese New Year. Other Asian markets are closed for the holiday as well and include Hong Kong and Korea.

Latin American markets are closed as well the first part of the week for Carnival. Countries closed include Argentina, Brazil and Venezuela.

Tuesday, February 9

The New Hampshire Primary is held.

Mardi Gras is celebrated in front of Ash Wednesday and clearly we need a little “le bon temps rouler”.

At 12:00 p.m. EST, the latest USDA WASDE Crop Data is due out.

Wednesday, February 10

Federal Reserve Chairman Janet Yellen begins two days of her semiannual Humphrey Hawkins testimony before the House and then Senate on Thursday. The games begin at 10:00 a.m. EST.

OPEC provides its latest monthly update at 7:30 a.m. EST.

The latest short interest on the NYSE and NASDAQ is due out after the close and covers the period of January 12th through January 26th and during this period the S&P 500 fell -1.81%.

Thursday, February 11

Markets are closed in Japan.

The World Gold Council publishes its report on bullion demand for 2016.

Friday, February 12

January Retail Sales is released at 8:30 a.m. EST and is expected to rise to 0.1% from -0.1%. Then at 10:00 a.m. EST, February Michigan Sentiment is due out and expected to rise to 92.5 from 92.

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