CBOE - Welcoming Earnings Season – CBOE's Weekly Market Recap: Oct. 10-14

(NewsDirect)

High levels ofuncertainty crept into last week’s market movements, causingwhipsawing price action across the board.

Cboe Global Markets Inc. (BATS: CBOE)reports that all the exchange-traded funds (ETFs) and indices recordedin this series experienced a price decrease last week. Germany’s iShares Core DAX UCITS ETF (BIT: EXS1) and France’s LyxorCAC 40 ETF (EPA: CAC) were the two exceptions, with bothexperiencing slight increases in the prior week.

The cryptocurrencymarket has largely mirrored its traditional counterparts, experiencingdecreases in Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO:ETH) and Solana (CRYPTO: SOL) — all of which have experiencedvery little change over the past two months.

Last month’s consumerprice index (CPI) reading exceeded analyst expectations, rising 0.4%in September despite tightening of monetary policy by the FederalReserve. Currently, the CPI sits 8.2% higher than a year ago,reflecting inflation’s painful resilience to the Fed’scountermeasures. The market’s reaction to this news was mixed. TheS&P 500, for example, plummeted in the aftermarket hours leadingto the CPI report. Once the report was released, however, the S&P500 recovered explosively, rising by 2.64% in one day — only tocrash 2.28% on Friday.

With uncertainty brimming, Cboe highlights BlackRock Inc. (NYSE: BLK) as a chart that may have piqued investor interestfollowing a positive earnings report and a solid reaction to theS&P 500’s bounce.

Next week will be huge for the markets, with many of WallStreet’s top firms reporting earnings. Cboe has compiled a list ofearnings for investors to keep an eye on at the bottom of this report.

Keep scrolling to learn more.

Quick BitesExchange-Traded Funds

• The SPDRS&P 500 ETF (NYSEARCA: SPY) decreased by 1.42% over theprevious week.

• The InvescoQQQ Trust Series 1 (NASDAQ: QQQ) decreased by 3.11% over theprevious week, mirroring the SPY’s overall movements.

• The iShares Russell 2000 ETF (NASDAQ:IWM) decreased by 1.07% over the previous week.

• The Cboe Volatility Index™ (INDEXCBOE: VIX) closed at 32 last week, a slight increase overlast week’s close at 31.35.

World Markets

• The iShares Core MSCI Europe ETF (NYSEARCA: IEUR)decreased by 0.55% week-on-week.

• The iShares FTSE 100 UCITS ETF (LSE: ISF) decreased by1.81% week-on-week.

• The iShares Core DAX UCITS ETF (BIT: EXS1) increased by 1.24%week-on-week.

• The LyxorCAC 40 ETF (EPA: CAC) increased by 1.16% week-on-week.

Chart Of The Week: BLK

Sharesof BlackRock, the world’s largest asset manager, experienced theirlargest daily increase since the pandemic last week guided by positivemovement from the broader market and an earnings report that beatanalyst expectations.

Just as the S&P 500 completed a 2%-plus upward movement onOct. 13, BlackRock released an earnings per share (EPS) reading of$9.55 — a 35% positive surprise — and revenue of $4.311 billion, a2.73% positive surprise. The company’s share price rose by 6.58%that day, gaining 35 points.

The presence of large volume at the lows of thechart, without followthrough to the downside, has led many to wonderwhether a rally or bottom is forthcoming.

U.S. Investing champion Mark Minervini commented on the subjecton Twitter saying, “I see people commenting that we made a bottomtoday. It would be interesting to see the collective long-termperformance of these brave prognosticators. There are old traders andbold traders, but not many old, bold traders. I never make boldpredictions with my capital.”

Major Cryptocurrencies

• At the time of writing, Bitcoin has decreased by 1.63% sincethe previous week. It has hovered between $24,000 and $20,000 sincethe week beginning June 13.

• At the time of writing, Ethereum has decreased by 2.89% sincethe previous week.

• At thetime of writing, Solana has decreased by 9.04% since the previousweek.

Upcoming Earnings Releases

A number of companies report earnings nextweek, including:

Click here for more weeklyinsights by Cboe.

This post contains sponsored advertisingcontent. This content is for informational purposes only and is notintended to be investing advice.

ContactDetails

Michele Ormont

mormont@cboe.com

CompanyWebsite

https://www.cboe.com/

Copyright (c) 2022 TheNewswire - All rights reserved.