September 20, 2019 08:21 PM RSS

The Week Ahead For July 8th to 12th: It's All About The Fed

  • Wall Street Rebel | Geoff Garbacz
  • 07/08/2019 7:33 PM
The Week Ahead For July 8th to 12th: It's All About The Fed

The Russell 2000, Dow Jones Industrial Average, S&P 100 and NASDAQ 100 were higher last week.

1.Geopolitical and Fiscal Events. Tuesday sees Federal Reserve Vice Chairman Randall Quarles speak in Boston. Wednesday and Thursday see Federal Reserve Chairman Jerome Powell speak at the semiannual Humphrey Hawkins testimony.

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, FOMC Minutes, CPI, PPI.

3.Earnings Releases. Notable releases this upcoming week include AZZ PEP HELE WDFC KHC BBBY PSMT DAL FAST INFY.

Monday, July 8

No events of note.

Tuesday, July 9

June NFIB Small Business Optimism Index are due out at 6:00 A.M. EDT and came in last month at 105.

Wednesday, July 10

Federal Reserve Chairman Jerome Powell testifies before the House and Senate over the next two days in the semiannual Humphrey Hawkins testimony. Today sees him at the House.

The Bank of Canada announces its latest interest rate decision.

Federal Reserve Open Market Committee (FOMC) releases its latest minutes at 2:00 p.m. EDT.

The latest NYSE and NASDAQ Short Interest is due out after the close. 

Thursday, July 11

June CPI is due out at 8:30 a.m. EDT and is expected to fall to 0.0% from 0.1%.

The European Central Bank (ECB) releases its latest minutes.

Federal Reserve Chairman Jerome Powell concludes his semiannual Humphrey Hawkins testimony at the Senate.

Friday, July 12

June PPI is due out at 8:30 a.m. EDT and is expected to fall to 0.0% from 0.1%.

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