Full of Sounds and Fury Signifying Nothing

+  Intro: Investors have a heavy week of economic data ahead highlighted by Retail Sales and University of Michigan Sentiment. Also this week is 17 S&P 500 companies scheduled to report earnings. We will likely see volumes fall as activity drops significantly between now and Labor day weekend

+  Earnings: Earnings season starts to wind down as 87% of the S&P 500 has reported Q2 earnings. Traders can see individual stocks have huge price swings if a company’s earnings outpace or fall short of what the street expected

+  Retail Sales: On Thursday (8/13), Retail Sales are released. Should the figure come in better than expected, it would continue to signal an improving economy to the FED, indicating that the average US consumer can absorb an interest rate hike 

 

MONDAY (8/10)

  • FOMC Member Dennis Lockhart Speaks
  • Earnings: Kraft Heinz, Sysco

 

TUESDAY (8/11)

  • 8:30 AM ET – Prelim Nonfarm Productivity – 2Q
  • 10:00 AM ET – Wholesale Inventories Jun
  • National Australia Bank Business Confidence
  • German ZEW Economic Sentiment

 

WEDNESDAY (8/12)

  • 10:00 AM ET – JOLTS Job Openings - Jun
  • 10:30AM ET – Crude Oil Inventories
  • 2:00 PM ET – Treasury Budget - Jul – Expectations =$-103.0B
  • China Industrial Production
  • Great Britain Unemployment Rate
  • FOMC Member William Dudley Speaks
  • Earnings: Alibaba, Cisco Systems, Macy’s

 

THURSDAY (8/13)

  • 8:30 AM ET - Weekly Jobless Claims
  • 8:30 AM ET - Retail Sales - Jul
  • 8:30 AM ET - Import/Export Prices - Jul
  • 10:00 AM ET - Business Inventories - Jun

 

FRIDAY (8/14)

  • 8:30 AM ET - PPI – Jul
  • 9:15 AM ET - Industrial Production - Jul
  • 9:15 AM ET - Capacity Utilization - Jul
  • 8:30 AM ET – Michigan Sentiment - Jul
  • New Zealand Retail Sales
  • German Prelim GDP