{"id":50734,"date":"2017-08-14T13:35:28","date_gmt":"2017-08-14T17:35:28","guid":{"rendered":"http:\/\/thedisciplinedinvestor.com\/blog\/?p=50734"},"modified":"2017-08-14T13:35:28","modified_gmt":"2017-08-14T17:35:28","slug":"this-week-looking-back-and-ahead","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2017\/08\/14\/this-week-looking-back-and-ahead\/","title":{"rendered":"This Week: Looking Back and Ahead"},"content":{"rendered":"

The question on the minds of many is whether or not the Federal Reserve can hikes rates again this year. The latest inflation report may put a kibosh on that thought for a while. While the Fed has set a 2% yearly inflation target, the latest Consumer Price Index rose only 0.1% in July. On a year-over-year basis, it fell short of the Fed’s goal coming in at a 1.7% gain.<\/p>\n

Core consumer prices rose 0.1% for a fourth consecutive month in July, so annualized core inflation also posted a gain of 1.7%. The Producer Price Index fell 0.1% last month; analysts polled expected a 0.2% rise.<\/p>\n

\"\"<\/p>\n

The good news is that with more than 90% of companies in the S&P 500 reporting for the second quarter, results have been impressive. FactSet now projects a blended earnings growth rate of 10.2% for the S&P 500 for the second quarter, along with a 5.1% blended sales growth rate.<\/p>\n

S&P component firms that generated less than 50% of their sales outside the U.S. are set to record 14.0% blended earnings growth and 6.0% blended revenue growth.<\/p>\n

\n
<\/i> Listen in for more detailed discussions<\/span><\/a><\/div>\n
\n

At Friday\u2019s close, gold hit a 2-month high of $1,294.00 as political tensions were on the rise. In fact, gold gained a whopping 2.3% for the week. Some of that has since been reversed as markets are not as jittery since the North Korea rhetoric has subsided – for now.<\/p>\n

Last week the Dow Jones Industrial Average declined 1.06% to 21,858.32; the S&P 500, 1.43% to 2,441.32; the Nasdaq Composite, 1.50% to 6,256.56. Volatility certainly came back as the CBOE VIX jumped 53.44% to end the week at 15.39 (now dropping to 12.50)<\/p>\n

Key reports this week<\/strong>:<\/p>\n

On Monday<\/strong>, Cumulus Media and Sysco report quarterly results.<\/p>\n

Tuesday<\/strong> we will see July retail sales numbers and earnings from Advance Auto Parts, Agilent, Coach, Dick\u2019s Sporting Goods, Home Depot, TJX, and Urban Outfitters.<\/p>\n

On Wednesday<\/strong>, minutes from the July Federal Reserve policy meeting appear; Wall Street will also interpret a report on July housing starts and building permits and earnings news from Cisco, L Brands, NetApp, Stein Mart, and Target.<\/p>\n

Thursday<\/strong> brings reports on initial jobless claims and industrial production. Earnings from from Alibaba Group, America\u2019s Car-Mart, Applied Materials, Bon-Ton Stores, Gap, Ross Stores, Sportsman\u2019s Warehouse, Stage Stores, and Walmart are also on tap.<\/p>\n

Friday<\/strong>, investors will gain insight on earnings from Deere & Co. and Estee Lauder and the preliminary August consumer sentiment index from the University of Michigan.<\/p>\n","protected":false},"excerpt":{"rendered":"

The question on the minds of many is whether or not the Federal Reserve can hikes rates again this year. The latest inflation report may put a kibosh on that thought for a while. While the Fed has set a 2% yearly inflation target, the latest Consumer Price Index rose only 0.1% in July. On […]<\/p>\n","protected":false},"author":1,"featured_media":50736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[510],"tags":[],"class_list":["post-50734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogandupdates","et-has-post-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/50734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=50734"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/50734\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media\/50736"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=50734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=50734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=50734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}