The Week Ahead For October 11th to 15th

by Geoff Garbacz | 10/10/2021 9:22 PM
The Week Ahead For October 11th to 15th

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

1.Geopolitical and Fiscal Events. The games continue in Washington D.C. as the House, Senate and President try to hammer out a long term debt-ceiling level, Infrastructure Bill and Budget Reconciliation Bill in the next couple of weeks.

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 NFIB Small Business Optimism Index, CPI, FOMC Minutes, PPI, Retail Sales, Empire Manufacturing and University of Michigan Consumer Sentiment.

3.Earnings Releases. Notable releases this upcoming week FAST PNFP JPM BLK FRC DAL TSM UNH SCHW GS PNC JBHT.

Monday, October 11th

The U.S. Fixed Income market is closed along with banks. However, the stock market is open. On days like this, expect lower volume.

The latest NYSE and NASDAQ Short Interest Data is due out after the close. The data reflects data from September 15th through 30th with trade dates of September 13th through 28th. During this period, the S&P 500 fell -2.60%.

Tuesday, October 12th

September NFIB Small Business Optimism is due out at 6:00 a.m. EDT and last month came in at 100.1.

Ashford Hospitality Trust (AHT) holds its analyst meeting and is a Type 4 Long Squeeze.

Albany International (AINC) holds its analyst meeting and is a Type 4 Long Squeeze.

Wednesday, October 13th

September CPI is due out at 8:30 a.m. EDT and expected to remain at 0.3%.

The latest FOMC Minutes from the September Meeting are due out at 2:00 p.m. EDT.

Thursday, October 14th

September PPI is due out at 8:30 a.m. EDT and is expected to drop to 0.6% from 0.7%.

Friday, October 15th

September Retail Sales are due out at 8:30 a.m. EDT and expected to fall to -0.30% from 0.70%.

October Empire State Manufacturing is also due out at 8:30 a.m. EDT and is expected to fall to 25 from 34.3.

October University of Michigan Consumer Sentiment (preliminary) is due out at 10:00 a.m. EDT and expected to rise to 73.5 from 72.8.

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