Stock Market Watch for the Week of January 21st

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Stocks remain strong after three weeks of trading. The S&P 500 is up around 14% since December 24th. That said, there is still plenty of uncertainty in the market, including the government shutdown, Brexit, and trade talks between China.

China just posted its GDP numbers for 2018, 6.6% growth, its weakest annual performance since 1990.

However, it hasn’t been all doom and gloom. For example, members of the FOMC continue to come out and assure the market that the Fed is unlikely to raise rates this year. In addition, corporate earnings kicked off last week… and so far so good.

graph

Source: Yahoo

The VIX closed at 17.80 on Friday. A far cry from 36, where it was on Dec 24.

Here are how some of the most actively traded index ETFs performed over the week: SPDR S&P 500 ETF (SPY) +2.89%, iShares Russell 2000 ETF (IWM) +2.54%, SPDR Dow Jones Industrial Average ETF (DIA) +2.99%, Invesco QQQ Trust (QQQ) +2.84%

Here are how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) +3.76%, iShares 20+ Year Treasury Bond (TLT) -1.13%, SPDR Gold Shares (GLD) -0.64%

Economic Releases:
22 Jan 2019- Existing Home Sales 10:00 AM ET

24 Jan 2019- Jobless Claims 8:30 AM ET; EIA Petroleum Status Report 11:00 AM ET

25 Jan 2019- Durable Goods Orders 8:30 AM ET; Jobless Claims 8:30 AM ET; New Home Sales 10:00 AM ET

Key Earnings:
22 Jan 2019- JNJ, HAL, STLD, SWK, UBS, AMTD, IBM, NAVI, ZION

23 Jan 2019- CMCSA, KMB, NTRS, PG, RES, WAT, CCI, F, FFIV, XLNX

24 Jan 2019- FCX, HBAN, JBLU, LUV, STM, TXT, UNP, DFS, NSC, SBUX, WDC

25 Jan 2019- APD, CL, LEA, SYF

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