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Jan 16 2015

Next Week’s Market Moving Events

Market Recap:

In spite of reasonably strong earnings reports, stocks sold off again on Thursday, falling about ½%. Consumer Staple and Utility shares were the sole sectors in positive territory yesterday as Financials and Healthcare stocks fell by more than 1%. Commodities were mostly lower, as oil retreated again after gaining some footing and rallying on Wednesday. The 10-Year Treasury Yield fell below 1.75% while other longer-dated benchmark yields all fell to their lowest levels in history, as the dollar strengthened and concerns over the world economy continued to permeate market sentiment.

 


Looking Ahead:

A very strong earnings report by Intel (INTC) helped lift futures from their lows on Friday morning as market participants continue to pressure markets. Currency markets, and to a lesser extent fixed income and equity markets are rattled by the Swiss Central Bank’s decision to decouple from the Euro currency, a move that is being viewed that much more weakness for the Euro may lie ahead. Next Friday’s Leading Indicators report could help things turn around as it will likely show strong economic growth expectations ahead. Make sure to tune into Fox Business next Tuesday evening at 6 PM when our President, Oliver Pursche, joins Charles Payne and the panel of experts to discuss our latest economic and market outlook. And don’t miss Money Matters with Gary Goldberg this Saturday at 7am, 2:30pm, and then again at 6pm as well as on Sunday at 11:00AM on WOR 710 AM Radio to hear our complete economic analysis and market commentary.

Next Week’s Market Moving Events:

 

  • Monday: Martin Luther King Day – US Markets and Banks are closed. Chinese GDP, Retail Sales data and Industrial Production figures.
  • Tuesday: European inflation data and US Market Index
  • Wednesday: Housing Starts, Mortgage Applications, Chinese Inflation data
  • Thursday: House Prices, Jobless Claims, PMI Manufacturing data, Consumer Comfort report and the EIA Natural Gas Inventories
  • Friday: Existing Home Sales and Leading Indicators