Econ Calendar

A midday look ahead in preparation for economic reports and events scheduled for the next trading day.

Highlights: Friday’s two consumer snapshots (Consumer Sentiment and LEI) were considered in the context of the week’s big Retail Sales miss. Monday morning’s two retail metrics (Goldman and Redbook) are staggered with CPI, so expect much comparing. Two housing sector data are also staggered after the consumer reports, not terribly high-profile or influential, except for being part of the day’s focus.

ICSC-Goldman Store Sales
7:45 AM ET

Consumer Price Index
8:30 AM ET

Redbook
8:55 AM ET

FHFA House Price Index
9:00 AM ET

Existing Home Sales
10:00 AM ET

Richmond Fed Manufacturing Index
10:00 AM ET

4-Week Bill Auction
11:30 AM ET

52-Week Bill Auction
11:30 AM ET

A midday look ahead in preparation for economic reports and events scheduled for the next trading day.

Highlights: The only econ report scheduled Monday has no track record for influencing price action. That gives earnings news more spotlight to be shined on them in case of surprises. The post-close announcements include several high-profile stocks that Fed Chair Yellen all but called out by name when lowering her rating on momentum stocks to “sell.”  Perhaps they’ve been sufficiently discounted to allow a positive reaction to almost any earnings news.

Earnings: Quarterly onslaught resumes
Pre-open

Chicago Fed National Activity Index
8:30 AM ET

3-Month Bill Auction
11:30 AM ET

6-Month Bill Auction
11:30 AM ET

Earnings: CLF, CMG, NFLX, TWTR

A midday look ahead in preparation for economic reports and events scheduled for the next trading day.

Highlights: There are no pre-open reports Friday, for which the post-open calendar compensates by staggering two high-profile and influential items. Very high-profile, as each will weigh-in on the controversial inflation debate. Typically, the pre-open reaction to one report can anticipate the market’s mood for reacting to the day’s subsequent reports. I’ll be cautious about that rule on Friday, since confirming or contradicting either side’s argument will very likely enhance volatility.

Earnings: GE, HON
Pre-open

Consumer Sentiment
9:55 AM ET

Leading Indicators
10:00 AM ET

A midday look ahead in preparation for economic reports and events scheduled for the next trading day.

Highlights: Thursday morning’s econ reports are high-profile, and influential. So are the pre-open earnings. Even the post-open Philly Fed survey is relevant, being the only Fed survey with a track record of influencing price action. The afternoon is likely to be gripped by anxiousness ahead of the post-close results from IBM and GOOG.

Earnings: MS, PM
Pre-open

Housing Starts
8:30 AM ET

Jobless Claims
8:30 AM ET

Philadelphia Fed Survey
10:00 AM ET

EIA Natural Gas Report
10:30 AM ET

James Bullard Speaks – centrist
1:35 PM ET

Earnings: COF, GOOG, IBM
Post-close

Fed Balance Sheet
4:30 PM ET

Money Supply
4:30 PM ET

A midday look ahead in preparation for economic reports and events scheduled for the next trading day.

Highlights: Another big day for reports and events aimed at the market. The pre-open PPI has an excellent track record of influencing price action. Often, the reaction to it tends to be repeated on the session’s subsequent reports. More bank earnings come pre-open, too. Yellen returns for day-two of her congressional testimony. The market reacted already to her more hawkish statements and attack on momentum stocks. A reliably hawkish Fed speaker follows her, and then Beige Book — the latter of which is likely to be considered in the context of Tuesday’s Retail Sales miss.

Earnings: BAC, USB
Pre-open

MBA Purchase Applications
7:00 AM ET

PPI-FD
8:30 AM ET

Treasury International Capital
9:00 AM ET

Industrial Production
9:15 AM ET

Atlanta Fed Business Inflation Expectations
10:00 AM ET

Housing Market Index
10:00 AM ET

Janet Yellen Speaks – dove
10:00 AM ET

EIA Petroleum Status Report
10:30 AM ET

Richard Fisher Speaks – hawk
12:00 PM ET

Beige Book
2:00 PM ET

Earnings: EBAY
Post-close