September 20, 2019 08:16 AM RSS

The Week Ahead Trump Meets With Putin, Earnings & G-20 in Buenos Aires

  • Wall Street Rebel | Geoff Garbacz
  • 07/16/2018 12:13 PM
The Week Ahead Trump Meets With Putin, Earnings & G-20 in Buenos Aires

The Russell 2000, S&P 100, NASDAQ 100 and Dow Jones Industrial Average were higher for the week. The Big Picture [monthly bias] for the NASDAQ 100, the Dow Jones Industrial Average, Russell 2000 and the S&P 100 remain positive.

1.Geopolitical and Fiscal Events. Monday sees President Trump meet with Russian President Putin. Also, on Monday the IMF releases its latest world economic outlook. Tuesday sees Federal Reserve Chairman Powell begin two days of Humphrey Hawkins testimony. Friday sees Federal Reserve St. Louis President James Bullard speak from Scotland. Saturday see G-20 finance ministers meet in Buenos Aires.

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 retail sales, industrial production, housing starts, Beige Book and leading indicators.

3.Earnings Releases. Notable releases this upcoming week include BAC NFLX JNJ UNH NVS IBM MSFT TSM GE HON.

Monday, July 16

June Retail Sales are due out at 8:30 a.m. EDT and are expected to fall to 0.5% from 0.8%.

President Trump meets with Russian President Vladimir Putin meet in Helsinki.

Amazon (AMZN) runs its Prime Day starting at 3:00 p.m. EDT and lasts into Wednesday morning. The stock is a Type 2 Recognized Strength with no one short.

The International Monetary Fund (IMF) releases its latest World Economic Outlook.

Tuesday, July 17

June Industrial Production is due out at 9:15 a.m. EDT and is expected to rise to 0.5% from -0.1%.

Federal Reserve Chairman Jerome Powell begins two days of Humphrey Hawkins testimony as he starts with the Senate Banking Committee.

Wednesday, July 18

June Housing Starts are due out at 8:30 a.m. EDT and are expected to drop to 1,318,000 from 1,350,000.

June Beige Book is due out at 2:00 p.m. EDT.

Thursday, July 19

June Leading Indicators are due out at 10:00 a.m. EDT and are expected to improve to 0.4% from 0.2%.

Friday, July 20

G-20 Finance Ministers meet in Buenos Aires with trade the main topic.


 

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