The Week Ahead
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 remain positive.
1.Geopolitical and Fiscal Events. Monday sees U.S. sanctions against Iran go into effect. Wednesday sees Federal Reserve Richmond President Tom Barkin 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 PPI and CPI.
3.Earnings Releases. Notable releases this upcoming week include MAR TSN DIS PXD BKNG FOXA BAM WP TLUS AIT.
Monday, August 6
U.S. Economic sanctions against Iran go into effect.
Tuesday, August 7
None of note.
Wednesday, August 8
The latest Chinese Trade Data is released which could trigger President Trump to act with more tariffs.
Thursday, August 9
July PPI is due out at 8:30 a.m. EDT and is expected to remain at 0.3%.
The latest short interest data from the NYSE and NASDAQ is due out after the close. The data is through settlement date of July 31st.
Friday, August 10
July CPI is due out at 8:30 a.m. EDT and is expected to rise to 0.2% from 0.1%.
The latest WASDE Crop Data is due out at 1:00 p.m. EDT.
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