July 16, 2017 The Week Ahead

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The markets are heading into earnings season at record high levels. Focus will be on earnings, as well as, the upcoming vote on the healthcare bill.

Some comments out of the Fed’s Yellen have been the catalyst for the rise in the market over the last few trading sessions.

The VIX closed at 9.51 on Friday, closing in the 52-week low which is 9.37.

Here are how some of the most traded ETFs performed over the week: SPDR S&P 500 ETF (SPY) +1.42%, iShares Russell 2000 (IWM) +0.88%, SPDR Dow Jones Industrials Average ETF (DIA) +1.03%, and PowerShares QQQ ETF (QQQ) +3.16%

Here is how some futures/commodity related ETF’s performed over the week: United States Oil Fund (USO) +5.38%, iShares 20+ Year Treasury Bond (TLT) +0.50%, SPDR Gold Shares (GLD) +1.29%.

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

Key Economic Data:
19 July 2017- Housing Starts 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET
20 July 2017- Jobless Claims 8:30 AM ET; Philly Fed Business Survey 8:30 Am ET

Key Earnings:
17 July 2017- BLK, JBHT, NFLX, SCSS
18 July 2017- AMTD, BAC, GS, JNJ, LMT, NVS, PGR, UNH, CSX, IBM
19 July 2017- MS, NTRS, TMUS, USB, AA, AXP, CCI, HAWK, QCOM, STLD,
20 July 2017- GPC, KEY, PM, SAP, UL, UNP, COF, EBAY, ISRG, MSFT, SWKS, V
21 July 2017- C, FRC, JPM, PNC, WFC

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