July 23, 2019 03:49 PM RSS

What Lies Ahead To Influence Markets This Week

  • Wall Street Rebel | Geoff Garbacz
  • 01/25/2016 03:17 PM
What Lies Ahead To Influence Markets This Week

The Dow Jones Industrial Average, the S&P 100, Russell 2000 and the NASDAQ 100 were higher for the first time in four weeks. That said, today is a struggle BUT we are not down by more than 1% on the S&P 500 which has happened on almost every down day. Meanwhile, the Russell 2000 is down more than -1% today.

The top three areas facing the market in this trading week are:

1. Geopolitical Events. ECB President Mario Draghi spoke today and failed to lift markets. On Wednesday FOMC will conclude its latest meeting. On Thursday the BOJ will issue its latest decision. On Friday Federal Reserve San Francisco President John Williams will speak.

2. Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications with consumer confidence, new home sales, durable goods, Q4 GDP, Chicago PMI and Michigan Sentiment.

3. Earnings Releases. Notable releases include MCD KMB AAPL JNJ FB BA MSFT AMZN CVX MA. MCD beat numbers today.

Tuesday, January 26:

January Consumer Confidence is due out at 10:00 a.m. EST and is expected to rise to 97 from 96.5.

The Federal Reserve Open Market Committee (FOMC) begins a two day meeting.

Markets in India and Australia are closed.

Wednesday, January 27:

December New Home Sales are due out at 10:00 a.m. EST and are expected to rise to 500,000 from 490,000.

The Federal Reserve Open Market Committee (FOMC) concludes its meeting and no rate changes are expected.

The latest short interest data from the NYSE and NASDAQ for the period of December 28th through January 12th will be released after the close. During this latest period the S&P 500 fell by -5.73%.

Thursday, January 28:

December Durable Goods is due out at 8:30 a.m. EST and is expected to fall to -0.2%.

The Bank of Japan (BOJ) announces its latest interest rate decision overnight. There is some speculation that some easing measures may be in the offing.

Friday, January 29:

Q4 GDP is released at 8:30 a.m. EST and is expected to fall to 1% from 2%.

At 9:45 a.m. EST January Chicago PMI is released and is expected to rise to 47 from 42.9.

At 10:00 a.m. EST, January Michigan Sentiment is released and expected to fall to 93 from 93.3.

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