Tuesday, October 7, 2014
The stock market opened at the highs of the day on Monday before selling dropped stocks lower for the day. Some industry groups that have been weak were among the best performers: gold and silver, soft commodities and Brazil. Biotech, software and solar stocks were some of the worst performing groups. The major market indices are trying to establish Thursday's lows as the lows for the indices. A light week for economic reports being released and just a handful of company's earnings will be reported.
October 7 - Tuesday
JOLTS - Job Openings, August (10:00): 4.673M prior
Consumer Credit, August (3:00): $20.0B expected, $26.0B prior
October 8 - Wednesday
MBA Mortgage Index, 10/04 (7:00): -0.2% prior
Crude Inventories, 10/04 (10:30): -1.363M prior
FOMC Minutes, 9/17 (2:00)
October 9 - Thursday
Initial Claims, 10/04 (8:30): 295K expected, 287K prior
Continuing Claims, 09/27 (8:30): 2425K expected, 2398K prior
Wholesale Inventories, August (10:00): 0.3% expected, 0.1% prior
Natural Gas Inventories, 10/04 (10:30): 112K prior
October 10 - Friday
Export Prices ex-ag., September (8:30): -0.3% prior
Import Prices ex-oil, September (8:30): 0.1% prior
Treasury Budget, September (2:00): $75.1B prior
Sources: bankrate.com, bloomberg.com, briefing.com, Dow Jones News, Financial Times, finviz.com, Investor's Business Daily, marketwatch.com, seekingalpha.com, Thomson Reuters/First Call, U.S. Dept of Treasury, yahoo.com and individual company web sites and press releases.
Leonetti & Associates, LLC views or opinions are as of a certain date and subject to change without notice. The material contained herein is for informational purposes only and obtained from sources we consider reliable. We make no guarantee as to its accuracy or completeness. References to specific securities and industries/sectors should not be considered recommendations to buy or sell any security or advisory service. Past performance is not a guarantee of future results.