Week of January 14th Stock Market Watch

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Two weeks in, and the stock market is off to an impressive start to the year, led by the Russell 2000 which is up over 7% year-to-date. That said, all major stock indices are positive in 2019. However, the true test comes now, as we enter earnings season.

Big Stories from last week:

  • The government remains shutdown
  • Fed Chairman Powell reassured Wall Street that he’ll remain patient about raising rates
  • Oil prices continue to rally, 9/10 winning days
  • Trade talks between the US and China keep moving slowly

That said, a lot of the major fears we had right before Christmas, seem to be subsiding.

graph

Source: Yahoo

The VIX closed at 18.19 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) +2.6%, iShares Russell 2000 ETF (IWM) +4.73%, SPDR Dow Jones Industrial Average ETF (DIA) +2.39%, Invesco QQQ Trust (QQQ) +2.85%

Here are how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) +7.07%, iShares 20+ Year Treasury Bond (TLT) -0.97%, SPDR Gold Shares (GLD) +0.30%

Economic Releases:
15 Jan 2019- PPI 8:30 AM ET

16 Jan 2019- Retail Sales 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

17 Jan 2019- Housing Starts 8:30 AM ET; Jobless Claims 8:30 AM ET; Philly Fed Survey 8:30 AM ET

18 Jan 2019- Industrial Production 9:15 AM ET

Key Earnings:
15 Jan 2019- DAL, JPM, UNH, WFC, UAL

16 Jan 2019- BAC, BK, GS, USB, SCHW, CSX, AA

17 Jan 2019- FAST, KEYS, TSM, AXP, NFLX, JBHT, OZK, RIO

18 Jan 2019- KSU, SLB, VFC, STT, RFF

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