January 14, 2018 The Week Ahead

The markets continue to grind higher as we now enter earnings season. We’ve seen a record close 8 out of the last 9 sessions, with 161 out of the S&P 500 stocks closing at 52-week highs on Friday.

The energy sector has been also picking up steam. The United States Oil Fund (USO) is up more than 7% in 2018.

Despite a record close, the VIX closed at 10.20 on Friday, a rise of more than 10% from the previous week.

Source: TradingView

Looking forward to the week, here are some of the key earnings names to watch: Citigroup, Goldman Sachs, IBM, American Express, and American Airlines.

Here is how some of the most popularly traded index ETFs performed over the week: SPDR S&P 500 ETF (SPY) +1.65%, iShares Russell 2000 (IWM) +2.18%, SPDR Dow Jones Industrials Average ETF (DIA) +2.05%, and PowerShares QQQ ETF (QQQ) +1.59%

Here is how some futures and commodity ETF’s performed over the week: United States Oil Fund (USO) +4.54%, iShares 20+ Year Treasury Bond (TLT) -0.95%, SPDR Gold Shares (GLD) +1.30%.

The markets are closed on Friday in observance of Martin Luther King Jr. Day.

Below you’ll find what is else is on the schedule for the week:

Economic Releases:
17 Jan 2018- Industrial Production 9:15 AM ET
18 Jan 2018- Housing Starts 8:30 AM ET; Jobless Claims 8:30 AM ET; Philly Fed Survey 8:30 AM ET; EIA Petroleum Status Report 11:00 AM ET

Key Earnings:
16 Jan 2018- C, CMA, ADTN, OZRK, UNH, CSX, IBKR
17 Jan 2018- ASML, BAC, GS, FAST, SCHW, USB, AA, BHP, PTC, SLM
18 Jan 2018- BK, JBHT, KEY, MS, TSM, AXP, CP, IBM, MLNX, PBCT
19 Jan 2018- FHN, KSU, RF, SLB, SYF

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