Econ Calendar

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

Highlights: The week begins with a pre-open report. It is high-profile, but not very influential to price action. The post-open Home Sales data should generate a reaction.

Chicago Fed National Activity Index
8:30 AM ET

Existing Home Sales
10:00 AM ET

3-Month Bill Auction
11:30 AM ET

6-Month Bill Auction
11:30 AM ET

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

Highlights: Economic reports and Fed testimony have worked overtime this week. Apparently, they deserve a day off on Friday.

No reports scheduled.

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

Highlights: The second day of Bernanke’s Humphrey-Hawkins testimony finds him in the Senate. As of this writing I do not know whether his opening remarks will again be un-embargoed at 8:30am, or not until 10:00am as is usual. This is not irrelevant, since Ben usually uses the Senate testimony to rectify or fine-tune Wednesday’s (market reaction to his) testimony — which reintroduces volatility. His remarks are preceded by the pre-open Jobless Claims, and then announced simultaneously with two high-profile reports. Should be fun — perhaps that’s why nothing is scheduled for release Friday.

Jobless Claims
8:30 AM ET

Bloomberg Consumer Comfort Index
9:45 AM ET

Bernanke Humphrey-Hawkins Senate testimony
10:00 AM ET

Philadelphia Fed Survey
10:00 AM ET

Leading Indicators
10:00 AM ET

EIA Natural Gas Report
10:30 AM ET

10-Yr TIPS Auction
1:00 PM ET

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: Wednesday’s Housing Starts follows Tuesday’s Housing Market Index, so there could be a reaction if the data is divergent. But the bigger focus will be on Bernanke’s first day of the two-day Humphrey Hawkins testimony. Unusually, the embargo on his opening remarks will be lifted at 8:30am — that gives the market an opportunity to be really, really volatile, while also giving Ben an opportunity to walk back or clarify his remarks 90 minutes later based on that market reaction. The afternoon’s Beige Book usually influences price action, too, which might keep the Wed-Ex signal unknown until the day’s final ticks.

MBA Purchase Applications
7:00 AM ET

Bernanke’s opening remarks un-embargoed
8:30 AM ET

Housing Starts
8:30 AM ET

Bernanke Humphrey-Hawkins House testimony
10:00 AM ET

EIA Petroleum Status Report
10:30 AM ET

Beige Book
2:00 PM ET

Wed-EX bias indicator
3:00 PM ET

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

Highlights: Retail Sales missed big Monday. That puts the spotlight on Tuesday’s two pre-open retail sales reports. CPI is announced between them, and it is always high-profile, more so now with its Consumer metric. The post-open Housing data should influence price action, too.

ICSC-Goldman Store Sales
7:45 AM ET

Consumer Price Index
8:30 AM ET

Redbook
8:55 AM ET

Treasury International Capital
9:00 AM ET

Industrial Production
9:15 AM ET

Housing Market Index
10:00 AM ET

4-Week Bill Auction
11:30 AM ET