The Week Ahead For October 2nd through 6th

The Dow Jones Industrial Average, S&P 100, NASDAQ 100 and Russell 2000 were higher for the week. No major equity indexes were lower for the week.

1. Geopolitical and Fiscal Events. Monday sees Federal Reserve Dallas President Robert Kaplan participate in a Q&A from El Paso, Texas at 2:00 p.m. Monday also sees President Trump speak on Monday at 1:00 p.m. EDT. Wednesday sees Federal Reserve Chairman Janet Yellen speak in St. Louis at 3:15 p.m. EDT. Thursday sees Federal Reserve Philadelphia President Patrick Harker speak at the Investing in America’s Workforce Conference at 10:00 a.m. EDT as does Kansas City President Esther George at 4:30 p.m. EDT. Thursday also sees Federal Reserve San Francisco President John Williams speak at the Community Banking in the 21st Century Research and Policy Conference in St. Louis at 9:30 p.m. EDT. Friday sees Federal Reserve Dallas President Robert Kaplan speak at the Investing in America’s Workforce Conference at 2:00 p.m. EDT.

2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications, jobless claims and construction spending, factory orders, nonfarm payrolls and the unemployment rate.

3.Earnings Releases. Notable releases include CALM PAYX LEN PEP MON COST STZ YUMC.

Monday, October 2

Markets are closed this week in China. Hong Kong and India are also closed today.

August Construction Spending is due out at 10:00 a.m. EDT and is expected to rise to 0.3% from -0.6%.\

President Trump speaks on regulation at 1:00 p.m. EDT.

Tuesday, October 3

Markets are now closed in South Korea for the rest of the week. Germany is also closed today.

Proctor & Gamble (PG) holds a Q& A Conference Call and is a Type 4 Long Squeeze.

Wednesday, October 4

The ADP Payroll Survey is released at 8:15 a.m. EDT and is expected to rise to 0.95% from -6.8%.

Federal Reserve Chairman Janet Yellen speaks to the Community Banking in the 21st Century Research & Policy Conference in St. Louis at 3:15 p.m. EDT.

Thursday, October 5

August Factory Orders are released at 10:00 a.m. EDT and are expected to increase to 0.8% from -3.3%.

Friday, October 6

September Nonfarm Payrolls are due out at 8:30 a.m. EDT and are expected to fall to 75,000 from 156,000. The unemployment rate is expected to remain at 4.4%.