March 28, 2020 07:46 AM RSS

The Week Ahead For March 16th To 20th: Coronavirus Hits The U.S. At Full Speed

  • Wall Street Rebel | Geoff Garbacz
  • 03/15/2020 9:53 PM
The Week Ahead For March 16th To 20th: Coronavirus Hits The U.S. At Full Speed

The NASDAQ 100, Dow Jones Industrial Average, S&P 100 and Russell 2000 were lower for the fourth week in a row.

1.Geopolitical and Fiscal Events. Sunday night saw the FOMC cut interest rates. The BOJ may cut rates on Thursday. 

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, NAHB Housing Market Index, Housing Starts, Philadelphia Fed Index and Existing Home Sales.

3.Earnings Releases. Notable releases this upcoming week include ZTO COUP FDX BILI GIS TCOM ACN CTAS TIF LK.

Monday, March 16

Sunday night saw the Federal Reserve Open Market Committee (FOMC) cut interest rate to 0.00.% to 0.25%. The FOMC also initiated a series of market operations to provide liquidity.

March Empire State Manufacturing is due out at 8:30 a.m. EDT and is expected to fall to 3.5% from 4.7%.

Tuesday, March 17

The Democratic Party will delay primaries for this day due to coronavirus.

February Retail Sales are due out at 8:30 a.m. EDT and is expected to rise to 0.2% from 0.1%.

February Industrial Production is due out at 9:15 a.m. EDT and is expected rise to 0.6% from -0.3%.

March NAHB Housing Market Index is due out at 10:00 a.m. EDT and is expected to stay at 74.

Wednesday, March 18

February Housing Starts is due out at 8:30 a.m. EDT and is expected to fall to 147,500 from 156,700. 

Thursday, March 19

March Philadelphia Federal Reserve Index is due out at 8:30 a.m. EDT and are expected to fall to 10 from 36.7.

The Bank of Japan (BOJ) announces its latest interest rate decision.

Friday, March 20

February Existing Home Sales is due out 10:00 a.m. EDT and the estimate is for an increase to 5.50 million from 5.46 million.

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