• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Markets

Day Ahead: Central Bankers Galore

We have both Draghi and Yellen speaking today.
By BRYAN ASHENBERG, CFA Jul 16, 2015 | 08:17 AM EDT
Stocks quotes in this article: BBT, UNH, PM, BX, GS, GS, EBAY, FCS, SON, DPZ, C, SHW, SCHW, GOOGL, MAT, CTAS, SLB, AMD

U.S. stock index futures are trading modestly higher this morning and the dollar recently hit a six-week high after Fed Chair Janet Yellen reiterated the Fed's stance that there will be a rate hike this year.

Late last night, Greek lawmakers passed a bailout agreement that should keep Greece in the euro. Now we wait for the German Bundestag vote on Friday on whether to approve the new rescue package.

But in the meantime, ECB President Mario Draghi will speak shortly during his news conference, after the central bank left interest rates unchanged.

And now, with the panic from Greece subsiding, we can again focus on China and its market implosion.

We worry about the negative wealth effect from all the stock market losses and the impact on consumer spending in the world's most voracious economy. Meanwhile, big-name hedge fund managers including Bill Ackman, Paul Singer and Jeffrey Gundlach have pointed to what's going on in China as a bigger catastrophe than the subprime implosion in the States and believe it to be worse than the U.S. in 2007, with the area uninvestable.

The earnings calendar is full today with some notable earnings from BB&T (BBT), UnitedHealth (UNH), KeyCorp (KEY), Philip Morris (PM), Blackstone (BX), eBay (EBAY), Fairchild Semiconductor (FCS), Sonoco (SON), Domino's Pizza (DPZ), Goldman Sachs (GS), Citigroup (C), Sherwin-Williams (SHW), Charles Schwab (SCHW), SolarWinds (SWI), Action Alerts Plus holding Google (GOOGL), Mattel (MAT), Cintas (CTAS), Schlumberger (SLB), and Advanced Micro Devices (AMD).

We also have a full domestic economic calendar today:

8:30 a.m. -- Initial Jobless Claims (July 11), with consensus at 285,000;

9:45 a.m. -- Bloomberg Consumer Comfort;

10:00 a.m. -- the July Philadelphia Fed Business Outlook and the July NAHB Housing Market Index;

10:30 a.m. -- EIA natural-gas storage change;

And at 2:30 p.m. Federal Reserve Chair Janet Yellen will testify to the Senate Banking Committee.

Happy trading!

Bryan Ashenberg is the portfolio manager for Growth Seeker and the fundamental analyst forTrifecta Stocks. Test drive with a free trial.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
TAGS: Investing | U.S. Equity | Markets | Stocks

More from Markets

Nano Dimension's Cash Raising Could Lead to Some Intriguing Scenarios

Timothy Collins
Jan 19, 2021 12:15 PM EST

In four months, NNDM will have raised $1 billion in cash.

The Hot Action in this Market Is in Small Stocks

James "Rev Shark" DePorre
Jan 19, 2021 11:29 AM EST

This continues to look like a very healthy market.

You Can Own the Entire Infrastructure Sector With This ETF

Ed Ponsi
Jan 19, 2021 10:30 AM EST

We'll chart the sector represented by the Global X U.S. Infrastructure Development ETF.

What Lies in Store for the Market in the First Quarter of 2021?

Maleeha Bengali
Jan 19, 2021 9:34 AM EST

It's easy to get caught up in the inflation trade, but it's also important to know how best to play that.

Jim Cramer: 3 Big Takeaways for Investors From Bank Earnings Calls

Jim Cramer
Jan 19, 2021 7:00 AM EST

The consumer continues to de-leverage at an extraordinary pace -- and the ramifications of this are extraordinary.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 11:09 AM EST GARY BERMAN

    Is Copper About to Turn to Rust?

    Below is a very long-term copper chart.  As you...
  • 08:02 AM EST GARY BERMAN

    Tuesday Morning Fibocall for for 1/19/2021

    SPX (Long-Term View) The 1/8/21 high @ 3826.69 i...
  • 09:01 AM EST JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    When it's time to sell, will you act or freeze?
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2021 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login