On Monday's we highlight the week ahead as investors need to understand what can impact trading. The biggest catalyst this week will be the pending tariffs on China that the president has indicated will be enacted this week.
The Russell 2000, S&P 100, NASDAQ 100 and Dow Jones Industrial Average were all 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 remains positive.
1.Geopolitical Events. On Tuesday the U.N. opens their fall session.
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 Empire Manufacturing, NAHB Housing Index, Housing Starts, Leading Indicators and Philly Manufacturing.
3.Earnings Releases. Notable releases this upcoming week include FDX ORCL GIS AZO RHT CPRT MU LEN DRI THO.
Monday, September 17
New York Empire Manufacturing Index is due out at 8:30 a.m. EDT and is expected to fall to 24 from 25.6.
President Trump is expected to announce the implementation of $200 billion of tariffs on China but the percentage may be reduced to 10% from the original expected 25%.
Tuesday, September 18
NAHB Housing Market Index is due out at 10:00 a.m. EDT and is expected to fall to 66 from 67.
The United Nations General Assembly reconvenes for the fall session.
Wednesday, September 19
August Housing Index is due out at 8:30 a.m. EDT and is expected to rise to 1,229,000 from 1,168,000.
The Bank of Japan (BOJ) is out with its latest announcement with interest rate update, and no change is expected.
Thursday, September 20
Philadelphia Federal Reserve Manufacturing is due out at 8:30 a.m. EDT and is expected to rise to 15.3 from 11.9.
August Existing Home Sales are due out at 10:00 a.m. EDT and are expected to rise to 5.37 million from 5.34 million.
August Leading Indicators are due out at 10:00 a.m. EDT and are expected to fall to 0.5% from 0.6%.
Friday, September 21
None of note.