August 16, 2015 The Week Ahead
August 16, 2015 The Week Ahead
The S&P 500 ended Friday’s action on the plus side. However, there was a fair share of volatility, as we saw a 50 point range between highs and lows in the S&P 500 this week.
In respect to risk, market participants will be watching any further developments out of China. Their decision to devalue the Yuan caused the markets here to sell off. This in turn, saw the prices of many commodities tumble.
Despite all this volatility, the VIX is back below 13, closing at 12.83.
We’ve got earnings out of Home Depot, Wal-Mart, Target, Deere, and Hewlett-Packard to name a few. In addition, we’ll be receiving the FOMC minutes.