The Week Ahead Sees Earnings Season Take Off
The S&P 100, Russell 2000, NASDAQ 100 and Dow Jones Industrial Average were lower 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. The U.S. Bond Market is closed on Monday. The IMF and World Bank meet all week long in Indonesia. 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 NFIB Small Business Optimism Index, PPI, CPI and University of Michigan Sentiment Index.
3.Earnings Releases. Notable releases this upcoming week include HELE AZZ FAST WBA DAL CBSH JPM WFC C PNC.
Monday, October 8
The U.S. Bond Market is closed for Columbus Day.
Markets are also closed in Canada and Japan.
The International Monetary Fund (IMF) and World Bank board of governors meet in Bali, Indonesia.
Tuesday, October 9 NFIB Small Business Optimism Index is due out at 6:00 a.m. EDT and last month came in at 108.8.
The latest NYSE and NASDAQ Short Interest is due out after the close through September 28th.
Wednesday, October 10
September PPI is due out at 8:30 a.m. EDT and is expected to rise to 0.2% from -0.1%.
Thursday, October 11
September CPI is due out at 8:30 a.m. EDT and is expected to remain at 0.20%.
Friday, October 12
October University of Michigan Sentiment is due out at 10:00 a.m. EDT and is expected to fall to 100 from 100.10
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