The Week Ahead : July 15-19
Economic news takes somewhat a co-driver seat with earnings season kicking into full gear. Monday we start with Retail sales pre-market, CPI on Tues, Beige book on Wednesday and Jobless claims on the traditional Thursday release. Mid-week we pause to hear Uncle Ben provide his semi-annual testimony which can be quite impactful given the most recent ‘is he or isn’t he’ tapering argument. Earnings season allows the opportunity to take overnight risk down a notch since the after-the-close releases can act as a crap shoot for the futures market with exception of a light car or two in the index options market.
