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Apple Product Announcement Sets up the Week Ahead

Apple's latest product announcement will be all the rage for consumers, traders and investors up to the September 9 event, and certainly through it with media analysis. TheStreet's Jill Malandrino and Mark Sebastian of Option Pit review action in the S&P and VIX, a key measurement for volatility in the market, as well as a trade in Apple. Looking to the Week Ahead the earnings calendar is very light, so traders and investors will turn to domestic and international consumer and manufacturing data. In addition, there are several key sell-side broker conferences taking place during the earnings lull that will drive headlines as key data points typically are delivered at such events.