The Week Ahead Is Led By The Federal Reserve Meeting
The S&P 500, Dow Jones Industrial Average, NASDAQ 100 and Russell 2000 were higher last week. The NASDAQ 100, S&P 500, Russell 2000 and the Dow Jones Industrial Average are all above their 200 Day Moving Average.
1.Geopolitical and Fiscal Events. This week will be a quiet one. The FOMC begins a meeting on Tuesday and is out with its latest announcement and presser on Wednesday.
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 Leading Indicators.
3.Earnings Releases. Notable releases this upcoming week include BEKE HQY CRWD LEN PDD CTAS NKE CAN FDX DG.
Monday, March 15
March Empire State Manufacturing is due out at 8:30 a.m. EDT and is expected to rise to 15 from 12.1.
Tuesday, March 16
The Federal Reserve Open Market Committee (FOMC) begins a two day meeting.
February Retail Sales is due out at 8:30 a.m. EDT and is expected to fall to -0.6% from 5.3%.
February Industrial Production is due out at 9:15 a.m. EDT and is expected to fall to 0.5% from 0.9%.
March NAHB Housing Market Index is due out at 10:00 a.m., EDT and is expected to remain at 84.
Wednesday, March 17
February Housing Starts are due out at 8:30 a.m. EDT and are expected to fall to 1,550,000 from 1,580,000.
The latest FOMC rate decision is due out at 2:00 p.m. EDT and then followed by a press conference at 2:30 p.m. EDT.
Thursday, March 18
March Philadelphia Fed Index is due out at 8:30 a.m. EDT and is expected to rise to 23.5 from 23.1.
February Leading Indicators is due out at 10:00 a.m. EDT and is expected to fall to 0.3% from 0.5%.
Friday, March 19
There are no events of note as we go quietly into the weekend.