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Morning Matters:

The Week Ahead For August 5th to 9th
by Geoff Garbacz

August 6, 2019

The NASDAQ 100 was lower, as were the Dow Jones Industrial Average, Russell 2000 and S&P 100 indices.

1. Geopolitical Events. On Monday Federal Reserve Governor Brainard speaks at 1:30 p.m. EDT.

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 ISM Non-Manufacturing and PPI.

3. Earnings Releases. Notable releases this upcoming week include MAR ANSS DIS BDX BKNG CVS UBER AGN TRCO SSP.

Monday, August 5:

July ISM Non-Manufacturing was out at 10:00 a.m. EDT and came in at 53.70 from an estimate of 55.4 against a month ago 5.1.

Tuesday, August 6:

Chinese PMI Manufacturing as well as Services will be out Monday night at 9:00 p.m. EDT, and will impact Tuesday trading.

$38 billion of 3 Year Treasury Notes are due to be auctioned at 1:30 p.m. EDT.

Wednesday, August 7:

$27 billion of 10 Year Treasury Notes are due to be auctioned at 1:30 p.m. EDT.

Thursday, August 8:

$19 billion of 30 Year Treasury Bonds are due to be auctioned at 1:00 p.m. EDT.

The latest China Trade Balance is due out at 1:00 a.m. EDT and will impact Thursday trading.

Friday, August 9:

July PPI is due out at 8:30 a.m. EDT and is expected to rise to 0.2% from 0.1%.

The latest Short Interest Data for NYSE and NASDAQ will be released after the close. It will track data through trade date of July 29th and settlement date of July 31st. During this period, the S&P 500 rose 0.70%. We will be updating related data on our servers later on Saturday.

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