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Morning Matters:

The Week Ahead: Can Markets Recover?
by Geoff Garbacz

October 15, 2018

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 remains positive.

1.Geopolitical Events. The latest FOMC minutes are due out on Wednesday.

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 retail sales, NY Empire Manufacturing, industrial production, housing starts, FOMC minute, Phill Fed Manufacturing, leading indicators and existing home sales.

3.Earnings Releases. Notable releases this upcoming week include BAC SCHW JNJ UNH ABT USB NVS TSM PG HON.

Monday, October 15:

September Retail Sales are due out at 8:30 a.m. EDT and are expected to rise by 0.6%, after coming in at 0.1% in August.

The New York Empire Manufacturing Survey is due out at and is expected to stay at 19.

Tuesday, October 16:

September Industrial Production is due out at 9:15 a.m. EDT and is expected to fall to 0.2% from 0.4%.

Wednesday, October 17:

September Housing Starts are due out at 8:30 a.m. EDT and are expected to fall to 1,215,000 from 1,282,000.

Thursday, October 18:

September Leading Indicators are due out at 10:00 a.m. EDT and are expected to rise to 0.5% from 0.4%.

The Philadelphia Fed Manufacturing Business Outlook Survey is due out and is expected to fall to 20 from 22.90.

Friday, October 19:

September Existing Home Sales are due out at 10:00 a.m. EDT and are expected to fall to 5,290,000 from 5,340,000.

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