This Market is Gnarly: Please Proceed with Caution

Here’s a quick look at some of the stuff you will want to know for the week ahead.

First, here’s the weekly S&P 500 chart:

S&P 5002,711-8.79%
Russell 20001,210-16.50%
Dow Jones23,185-10.36%
Weekly percent changes 

The VIX 

Last week the S&P 500 Volatility Index, $VIX, hit levels not seen since 2008. Sheesh 😲 

Here’s some learning material on the background of the VIX.

Oil Holding Steady

Following the gap down last Monday, Oil futures consolidated the rest of the week.

1987 vs 2020?

We have seen some chatter on the internet comparing the recent market action to that during the 1987 crash. Here are the two charts, decide for yourself.

Crash of 2020:

1987 Crash:

In Case you Missed It…

Check out this video featuring NYSE Executive Floor Governor, Jay Woods. Jay gives a great recap of the historic week we just witnessed and what to expect in the upcoming days. Well done Jay 👏

Annie Duke: “Thinking in Bets” | Talks at Google

If you are having a tough time coping without sports for the last few days check out Annie Duke talking at Google. 

The Week Ahead

And now a brief and well-organized look ahead at the trading week beginning Monday, March 16, 2020:

Economic Calendar:

3/17 February Retail Sales (8:30 AM EST)

3/18 February Housing Starts (8:30 AM EST)

3/20 February Existing Home Sales (10:00 AM EST)

Here’s the full Economic Calendar provided by Briefing

Earnings Ahead:

Here’s Earnings Whispers’ great visual.

Be sure to know when your stocks are reporting. Here’s the full earnings calendar.