Stock Market Predictions this Week

The VIX volatility index climbed over 50% this week as markets reacted to quarterly profits, and the tech-heavy Nasdaq dropped into correction territory, falling over 10% from its maximum latest high. Bond yields surged to two-yr highs, earlier than sliding overdue withinside the week. The Dow and S&P 500 closed out the week lower, withinside the 1/3 immediately week of losses. The Nasdaq fell over 7.5% for the week, in its fourth consecutive week of losses, and its worst weekly decline seeing that October 2020.

Next week, the Federal Reserve will keep its first Federal Open Market Committee (FOMC) assembly for the yr. The week may be filled with blockbuster profits from a number of the world‘s maximum treasured companies, and key information on retail income and intake over the vacations in December. We’ll additionally discover whether or not growing inflation maintains to weigh on purchaser sentiment and self-belief with the University of Michigan's very last analysis of the Consumer Sentiment Index for January, and the Conference Boards Consumer Confidence Index.

The VIX volatility index climbed over 50% this week as markets reacted to quarterly profits, and the tech-heavy Nasdaq dropped into correction territory, falling over 10% from its maximum latest high. Bond yields surged to two-yr highs, earlier than sliding overdue withinside the week. The Dow and S&P 500 closed out the week lower, withinside the 1/3 immediately week of losses. The Nasdaq fell over 7.5% for the week, in its fourth consecutive week of losses, and its worst weekly decline seeing that October 2020.

Next week, the Federal Reserve will keep its first Federal Open Market Committee (FOMC) assembly for the yr. The week may be filled with blockbuster profits from a number of the world‘s maximum treasured companies, and key information on retail income and intake over the vacations in December. We’ll additionally discover whether or not growing inflation maintains to weigh on purchaser sentiment and self-belief with the University of Michigan's very last analysis of the Consumer Sentiment Index for January, and the Conference Boards Consumer Confidence Index.

Events Calendar:

Monday, January 24:

IBM (IBM), Koninklijke Philips (PHG), and Logitech (LOGI) document earnings.

U.S. Markit Manufacturing and Services PMI, Flash (January)

EA Markit Manufacturing and Services PMI, Flash (January)

Tuesday, January 25:

Microsoft (MSFT), Johnson & Johnson (JNJ), Verizon (VZ), Texas Instruments (TXN), NextEra Energy (NEE), Raytheon Technologies (RTX), American Express (AXP), General Electric (GE), Lockheed Martin (LMT), 3M (MMM), and Capital One (COF) document earnings.

S&P Case-Shiller House Price Index (November)

Conference Board Consumer Confidence Index (January)

U.S. Federal Reserve FOMC Meeting Begins

Wednesday, January 26:

Tesla (TSLA), Abbott Laboratories (ABT), Intel (INTC), AT&T (T), Boeing (BA), ServiceNow (NOW), Automatic Data Processing (ADP), and Freeport-McMoran (FCX) document earnings.

U.S. Wholesale and Retail Inventories (December)

New Home Sales (December)

China Industrial Profits (December)

Japan Leading Economic Index (November)

Thursday, January 27:

Apple (APPL), Visa (V), Mastercard (MA), Comcast (CMCSA), Danaher (DHR), McDonalds Corporation (MCD), Mondelez International (MDLZ), Marsh & McLennan (MMC), Blackstone (BX), Sherwin-Williams (SHW), Atlassian (TEAM), and Northrop Grumman (NOC) document earnings.

U.S. Durable Goods Orders (December)

U.S. Pending Home Sales Index (December)

Friday, January 28:

Chevron (CVX), Caterpillar (CAT), Charter Communications (CHTR), Colgate-Palmolive (CL), and Phillips 66 (PSX) document earnings.

PCE Price Index (December)

University of Michigan Consumer Sentiment Index, Final (January)

EA Loans to Households and Businesses (December)

EA Consumer Confidence Index (January)

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