Heat in the City = Traders in the Hamptons

Intro: After witnessing the Nasdaq hit all-time highs, earnings season hits up with 13 of the 30 Dow components reporting. On the economic front, we have Existing Home Sales, New Home Sales  and Leading Indicators

Earnings: Earnings season gets into overdrive with 134 companies in the S&P reporting highlighted by Google, JP Morgan, Johnson & Johnson and Intel. Traders will be watching to see any surprises

New Home Sales: On Wednesday (7/22), data on New Home Sales is released. Should readings come in higher than expected, we can contribute the strength to foreclosures falling and demand getting stronger  

Summer: With the Summer lull in full session and a lack of macro news hitting the markets, we have the potential for volatility due to low liquidity if news was to hit a certain sector

 

MONDAY (7/20)

  • Canada Wholesale Sales
  • Earnings: IBM, Morgan Stanley, Canadian National railway, Haliburton

 

TUESDAY (7/21)

  • Reserve Bank of Australia Monetary Policy Meeting Minutes
  • Earnings: Apple, Microsoft, Verizon, United Technologies, Lockheed Martin, Yahoo

 

WEDNESDAY (7/22)

  • 10:00 AM ET – Existing Home Sales - Jun
  •  10:30AM ET – Crude Oil Inventories
  • Australia CPI
  • Reserve Bank of Australia Governor Glenn Stevens Speaks
  • Bank of England Bank Rate Votes
  • G8 Meetings
  • Earnings: Coca Cola, Qualcomm, Boeing, American Express, Abbott Laboratories, Texas Instruments, EMC

 

THURSDAY (7/23)

  • 8:30 AM ET - Weekly Jobless Claims
  • 8:30 AM ET – Leading Indicators – Jun
  • Reserve Bank of New Zealand Rate Statement
  • Great Britain Retail Sales
  • Canada Retail Sales
  • Earnings: Amazon, AT&T, Visa, Comcast, Bristol-Myers, 3M, Eli Lilly, Celgene, McDonalds, Starbucks, Valeant Pharmaceuticals, Danaher, General Motors, Kimberly-Clark

  

FRIDAY (7/24)

  • 10:00 AM ET – New Home Sales – Jun
  • New Zealand Trade Balance
  • China Markit Flash Manufacturing PMI
  • Japan Flash Manufacturing PMI
  • European Flash Manufacturing PMI
  • European Flash Services PMI
  • Earnings: AbbVie, Vodafone, Biogen, Johnson Controls, American Airlines