Market Direction Week of August 1, 2016

Market Direction: BULLISH alert issued 6/2/2016

Last Week Review: The S&P 500 was flat and noticeably less volatile in a week where earnings reports, the Federal Reserve (Fed) and the second-quarter's GDP report took their turn capturing headlines. And while the index as a whole was flat, many of the stocks that reported earnings moved sharply higher and lower. That's why we think it is important for investors to be diversified. Returns for well-diversified portfolios, that contain different types of investments, tend to be smoother over time and can help you to stay invested, no matter what headlines the market chooses to focus on.

How the market finished last week, the S&P 500 down 0.1%, the Nasdaq up 1.2%, and the Dow down 0.7%.

This Week: The marquee economic event next week is the jobs report. A series of strong jobs reports could possibly give the Fed the confidence to hike interest rates as early as September. 

GDP numbers from the UK, US and the eurozone will dominate the agenda, as investors get their first peek at growth in the second quarter. Given these are just preliminary numbers, however, we should be cautious about reading too much into them. Also on tap will be German IFO and consumer confidence figures, providing an insight into confidence in the eurozone’s largest economy.

On the central bank front, the Federal Reserve and the Bank of Japan will both announce decisions this week. 

Economic Calendar: ISM Mfg Index (8/1), Personal Income and Outlays (8/2), Factory Orders (8/4), Employment Report (8/5)

Some of the major earnings announcements on deck: CTRP, AIG, PG, RGR, TSLA.

 

$tockMarketDirection proprietary model is currently BULLISH. We strongly encourage you to monitor positions closely, exercise proper money management strategies and follow us at $tockMarketDirection for ALERTS we may issue advising a change in the current market direction. Stay tuned and follow us. If you have a testimonial or comment of how this website has helped you we would like to know, write us. Share with a friend. Cha-ching.

Related Link: http://www.stockmarket-direction.com/