Stock Market Update -Jan 18th

The market was down all week, then rallied on Friday. Bonds rallied for the week. Next week we get a slew of earnings reports so keep tuned in for the market reaction.

The ECB will make a big QE announcement on Thursday which could be a market mover as well. We saw big currency moves this week as the Swiss removed their currency peg -we could see more fallout from that too over the next week.  The market is closed on Monday for a holiday.


New all time highs:   AET, DGX, ED, KR, NVS, SPG, STZ, UNH
All time lows:   ANGI
Pops:        Drops:   TIF, 

Next week:  Economic reports,   ECB rate decision & QE, 
Earnings:     
Mon:  Holiday
Tue:   DAL, JNJ, HAL, IBM, NFLX, MS
Wed:  AXP, DFS, EBAY, KMI, SNDK, UNH
Thu:  COV, COF, ISRG, LUV, SBUX, TRV, VZ
Fri:   BK, GE, HON, MCD

This week's charts:
S&P 500 -TOPPING?
10yr Interest Rates -very low!
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil was mostly unchanged, closing near $48.69 -BOUNCE?  
Natural Gas was up, closing at $3.12
Gold rallied, closing near $1276 -moving up!
The 30 year Bond was up, closing near 149.53 -moving up!
The US Dollar was up, closing at 92.89  -still moving up!

NEWS:
The Week Ahead: Earnings & the ECB
Has Demand For Stocks Dried Up?
The Stock Market Is Just Noticing What The Bond Market Has Known For Months
The number of female CEOs replacing men surges 70%

Gold ends above $1,276, at highest since August
Euro hits fresh 11-year low against the US dollar
Alpari UK currency broker folds over Swiss franc turmoil

No comments: