Midterm Elections, Key Jobs Data, Earnings in Focus for the Week Ahead

The market made a big comeback this week, with the S&P 500 back over 2000. The Japanese surprise stimulus package, U.S. dollar strength and slide in the commodity complex were all contributing factors. From the trading floor of the New York Stock Exchange, Peter Costa, president of Empire Executions, tells TheStreet’s Jill Malandrino that the Japanese stimulus program could be good for our economy, but we do need to see some volatility come back to the market. And, we may see that next week as 17% of the S&P reports earnings, midterm elections take place on Tuesday, but the big focus will be on the all-important non-farm payroll data released on Friday. Costa expects a solid jobs report and economic data, domestically, is quite good. Finally keep an eye on the commodity trade as the oil and gold complexes have broken through key levels to the downside.