The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street

$HPE, $KR

The US  financial markets were closed Monday in observance of Labor Day.

Historically, September has been the worst month of the year for large-cap stocks. The S&P 500 index has only realized a September gain during 43% of all years since the start of Y 1946. The average September monthly loss has been 0.66%. To put these numbers into perspective, on an average calendar month, the large-cap index has gained 0.66% and risen 59% of the time.

Earnings season has wound down

Only 2 members of the S&P 500 are scheduled to report earnings to Wall Street this week: Hewlett Packard Enterprise Co. (NYSE:HPE) on Wednesday and Kroger Co. (NYSE:KR) Friday.

 

Economic Reports

This week’s 1st financial report to Wall Street will be the Institute for Supply Management’s (ISM) August non-manufacturing index, released Tuesday.

Wednesday will feature the US Labor Department’s July Job Opening and Labor Turnover Survey (JOLTS) and the Federal Reserve’s periodic Beige Book.

 

Fed Speak

This week just 2 US Federal Reserve officials will make public appearances: San Francisco President John Williams  Tuesday and Boston President Eric Rosengren Friday.

Have a terrific week

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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