The Week Ahead For October 18th to 22nd

The S&P 500, NASDAQ 100, Russell 2000 and Dow Jones Industrial Average were all higher for the week.

1.Geopolitical and Fiscal Events. The games continue in Washington D.C. as the House, Senate and President try to hammer out a long-term debt ceiling level, Infrastructure Bill and Budget Reconciliation Bill in the next couple of weeks. Federal Reserve Beige Book is out 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 industrial production, NAHB Housing Market Index, housing starts, Philadelphia Fed Index, existing home sales and leading indicators.

3.Earnings Releases. Notable releases this upcoming week PHG STT JNJ PG TSLA VZ INTC DHR HON AXP.

Monday, October 18th September Industrial Production is due out at 9:15 a.m. EDT and is expected to rise by 0.2% from 0.4%

October NAHB Housing Market Index is due out at 10:00 a.m. EDT and is expected to come in at 75 from 76.

Tuesday, October 19th

September Housing Index is due out at 8:30 a.m. EDT and expected to rise to 1,620,000 from 1,615,000.

Wednesday, October 20th

The latest Federal Reserve Beige Book is due out at 2:00 p.m. EDT.

Thursday, October 21st

October Philadelphia Fed Index is due out at 8:30 a.m. EDT and is expected to drop to 24.5 from 30.7.

September Existing Home Sales are due out at 10:00 a.m. EDT and are expected to come in at 6.05 million up from 5.88 million.

September Leading Indicators are due out at 10:00 a.m. and estimates are for a drop to 0.5% from 0.9%.

Friday, October 22nd

None of note.