Econ Calendar

Look ahead: Economic Calendar

By Rod David | July 14, 2014 - 12:34 pm

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

Highlights: Tuesday’s focus is on financials, perhaps the least of which is the JPM and GS pre-open earnings. Following testimony Monday by the ECB’s Draghi, the BOE’s Carney makes a similar appearance at Parliament. The BOJ announces its monetary policy decision. But the most impact will be had by FOMC Chair Yellen, who testifies to the Senate portion of her semi-annual monetary policy report. Look for a volatility spike when her opening remarks will be embargoed at 10:00 ET. I’m not sure how much volatility will get crushed ahead of the post-close earnings from INTC and YHOO.

Mario Draghi testimony
MON 2:30 PM ET

Earnings: JPM, GS
TUE Pre-open

ICSC-Goldman Store Sales
7:45 AM ET

Retail Sales
8:30 AM ET

Empire State Mfg Survey
8:30 AM ET

Import and Export Prices
8:30 AM ET

Redbook
8:55 AM ET

Business Inventories
10:00 AM ET

Janet Yellen Speaks – dove
10:00 AM ET

4-Week Bill Auction
11:30 AM ET

Earnings: INTC, YHOO
Post-close

Posted in Econ Calendar, S&P

Look ahead: Economic Calendar

By Rod David | July 11, 2014 - 12:34 pm

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

Highlights: There were no econ reports Friday morning, and none are scheduled for Monday, either.

3-Month Bill Auction
11:30 AM ET

6-Month Bill Auction
11:30 AM ET

Posted in Econ Calendar, S&P

Look ahead: Economic Calendar

By Rod David | July 10, 2014 - 12:34 pm

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

Highlights: No economic reports Friday is highly unusual. Two Fed speakers on the same day is common this week, but also otherwise unusual. Regardless of being a dove or a hawk, a Friday afternoon Fed speaker is downright inflammatory, and should heat up what is usually unexciting price action before the weekend.

Charles Plosser Speaks — hawk
11:15 AM ET

Charles Evans Speaks — dove
2:00 PM ET

Treasury Budget
2:00 PM ET

Posted in Econ Calendar, S&P

Look ahead: Economic Calendar

By Rod David | July 9, 2014 - 12:34 pm

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

Highlights: Thursday’s 30-year auction comes before a hawkish Fed speaker (a second hawk speaks after the close). I’ve not seen that setup, which usually put speakers before the auction, especially if they might impact price poorly.

Jobless Claims
8:30 AM ET

Wholesale Trade
10:00 AM ET

EIA Natural Gas Report
10:30 AM ET

30-Yr Bond Auction
1:00 PM ET

Esther George Speaks — hawk
1:15 PM ET

Stanley Fischer Speaks — hawk
4:30 PM ET

Fed Balance Sheet
4:30 PM ET

Money Supply
4:30 PM ET

Posted in Econ Calendar, S&P

Look ahead: Economic Calendar

By Rod David | July 8, 2014 - 12:34 pm

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

Highlights: How close did last month’s FOMC discussion come to tapering even more? Probably close. June 24’s hawkish comments by a dovish member suggest that he was repeating what he had said already behind closed doors. His public comments sent the market tumbling then, so releasing his quotes in the FOMC Minutes will likely do the same. The question is whether the market will have postured defensively ahead of the news, already discounting it to help absorb the impact. Rallying Wednesday morning would more likely be broadsided.