Monday, February 12, 2018
The Dow Jones Industrial Average, S&P 100, NASDAQ 100 and Russell 2000 were lower on a weekly basis for the second week in a row. 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 release his infrastructure plan. Tuesday sees Federal Reserve Cleveland President Loretta Mester speak.
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 CPI, retail sales, PPI, Empire Manufacturing, Philadelphia Fed Manufacturing, industrial production, housing starts and Michigan Sentiment.
3.Earnings Releases. Notable releases next week include FDC L PEP BIDU CSCO MAR BAM ZTS KO KHC.
Monday, February 12
President Trump is expected to release the infrastructure plan for the United States.
Tuesday, February 13
The Goldman Sachs Technology and Internet Conference begins in San Francisco.
Wednesday, February 14
January CPI is due out at 8:30 a.m. EST and is expected to rise to 0.3% from 0.1%..
Thursday, February 15
January PPI is due out at 8:30 a.m. EST and is expected to rise to 0.4% from -0.1%.
Empire Manufacturing is due out at 8:30 a.m. EST and is expected to rise to 19 from 17.7.
Philadelphia Fed Manufacturing is due out at 8:30 a.m. EST and is expected to fall to 22 from 22.2.
January Industrial Production is due out at 9:15 a.m. EST and is expected to fall to 0.2% from 0.9%.
Friday, February 16
January Housing Starts are due out at 8:30 a.m. EST and are expected to rise to 1,236,000 from 1,192,000.
February Michigan Sentiment is due out at 10:00 a.m. EST and is expected to fall to 95.5 from 95.7.
CHURCH & DWIGHT INC (CHD)
by Superstock Investor
Futures Higher Today
Futures in the U.S. are higher. Overseas markets have rebounded today as well. This morning we turn to CNBC and their summary of the state of markets this morning.
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