The, Russell 2000, NASDAQ 100, S&P 100 and the Dow Jones Industrial Average were higher for the week. Will the rebound continue this week despite losing steam on Friday?
1.Geopolitical and Fiscal Events.Tuesday sees Mid Term Elections hypnotize the U.S. Thursday sees FOMC announce its latest interest rate decision.
2.Economic Releases.Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as JOLTS, PPI and Michigan Sentiment.
3.Earnings Releases.Notable releases this upcoming week include BKNG OXY LLY CVS FOXA QCOM DIS AZN STWD ATHN.
Monday, November 5
Last minute campaigning for Tuesday elections continues.
Earnings of note this morning
Beats: SOHU +0.80 , CYOU +0.59 , CNA +0.13 , KMPR +0.11 , DO +0.09
Miss: FOLD (0.55), TA (0.23), RACE (0.20), PEGI (0.15)
Tuesday, November 6
September Jobs Openings (JOLTS) is due out at 10:00 a.m. EDT and is expected to fall to 7,023,000 from 7,136,000.
Mid Term Elections are held for all members of the House and 33% of Senate seats along with a variety of state elections for governorships and legislative elections.
Wednesday, November 7
Americans awake to the results of the Mid Term Elections.
Thursday, November 8
The Federal Reserve Open Market Committee (FOMC) is out with their latest rate decision at 2:00 p.m. EDT. No change is expected and is delayed to Thursday due to the Mid Term Elections on Tuesday.
Friday, November 9
October PPI is due out at 8:30 a.m. EDT and is expected to remain at 0.2%.
November Michigan Sentiment is due out at 10:00 a.m. EDT and are expected to fall to 98 from 98.6.