In last week’s market news (January 18 – 22, 2015),
The S&P 500 finally closed up for the week in 2016 for the first time. Earlier this week, the Dow was down was down more than 500 points one day before recovering some of the losses. It didn’t help that oil prices are still on their downward spiral. Although, oil did see an increase in the price on Friday to finally settle above $32 according to oil-price.net.
Some are some analysts indicating that the market has been oversold while other analysts are indicating that the market hasn’t seen the bottom yet. Since the end of 2015, all eyes are still on the China markets and oil prices.
China’s communist government has been pumping billions into their markets in order to try to stem downward velocity. A couple of weeks ago, the government tried to enforce market controls but that only worked after seven to twenty-one minutes when the control took over and closed their stock market for the rest of the day. Two days later, the government removed the price controls.
So, what should we expect for the upcoming week? More market volatility. With computer making trades based on price sell and buy points, most investors are not involved in the market when it comes to trading.
Companies reporting this week are McDonald’s (MCD), Kimberly-Clark (KMB), Apple (AAPL), Johnson & Johnson (JNJ) and AT&T (T), Facebook (FB) , Boeing (BA), PayPal (PYPL), Microsoft (MSFT), Amazon (AMZN), Alibaba Group Holding (BABA), Chevron (CVX) and MasterCard (MA).