The Week Ahead For September 23rd To 27th: U.N. Front And Center

The NASDAQ 100 was lower for the week along with the Dow Jones Industrial Average, Russell 2000 and S&P 100. It was the first week in four that all indexes tracked here were lower.

1.Geopolitical and Fiscal Events. The U.N. holds their Climate Action Summit starting on Monday.

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 consumer confidence, new home sales, Q2 GDP (final), pending home sales, personal income, University of Michigan Consumer Sentiment and durable goods.

3.Earnings Releases. Notable releases this upcoming week include CMD UXIN NKE AZO KBH FUL CAN MU CCL CAG.

Monday, September 23

The U.N. holds Climate Week as the Secretary General holds the Climate Action Summit. President Trump will attend.

Tuesday, September 24

September Consumer Confidence is due out at 10:00 a.m. EDT and is expected to fall to 134 from 135.10.

The latest short interest from the NYSE and NASDAQ is due out after the close. Data goes through settlement of September 15th and trade date of September 11th. In the latest collect period of August 28th through September 11th the S&P 500 rose 3.91%.

Wednesday, September 25

August New Home Sales are due out at 10:00 a.m. EDT and are expected to come in at 659,000 from 635,000. Thursday, September 26

Q2 GDP (final look) is due out at 8:30 a.m. EDT and is expected to remain at 2.0%.

August Pending Home Sales are due out at 10:00 a.m. EDT and are expected to come in at 0.9% from -2.50%.

Friday, September 27

August Personal Income is due out at 8:30 a.m. EDT and is expected to rise to 0.4% from 0.1%.

August Durable Goods are due out at 8:30 a.m. EDT and are expected to fall to -1.0% from 2.0%.

September University of Michigan Consumer Sentiment is due out at 10:00 a.m. EDT and is expected to rise to 92.1 from 92.