Econ Calendar

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

Highlights: Monday’s post-open Factory Orders has no track record of influencing price action without its data also being a surprise.

Factory Orders
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: Despite the fear-mongering, I’m assuming that sequestration won’t close the exchanges due to cuts in oversight.) The oddly-timed PMI report enhances its potential price impact Friday, but doesn’t assure there to be a reaction. The post-open Consumer Sentiment usually influences price action, even if mostly to inhibit it. Any reaction should be short-lived while awaiting the ISM number several minutes later. Bernanke figures prominently for the third time this week, this time for a speech titled, “Low Long-Term Interest Rates.” According to last month’s FOMC Minutes, don’t expect a follow-up speech to be titled, “Long-term Low Interest Rates”.

Personal Income and Outlays
8:30 AM ET

PMI Manufacturing Index
8:58 AM ET

Consumer Sentiment
9:55 AM ET

ISM Mfg Index
10:00 AM ET

Construction Spending
10:00 AM ET

Bernanke speech
Timing currently unknown

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

Highlights: Some of the most important monthly economic data points are being released this week, the last being Thursday’s GDP. Being announced simultaneously with Jobless Claims should enhance its impact on price action. Watch out for the post-open Chicago PMI, especially for a reaction from its subscribers that get the info several minutes prior to its public release.

GDP
8:30 AM ET

Jobless Claims
8:30 AM ET

Chicago PMI
9:45 AM ET

Bloomberg Consumer Comfort Index
9:45 AM ET

EIA Natural Gas Report
10:30 AM ET

Kansas City Fed Manufacturing Index
11:00 AM ET

Farm Prices
3:00 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 calendar is a potential minefield. Its two high-profile pre-open and post-open reports are influential. Durable Goods, obviously, but also the Home Sales following Tuesday’s unprecedented three housing sector reports. Probably the biggest catalyst is day-two of Bernanke’s congressional testimony. There is on reason to assume that Tuesday’s reaction to day-one has failed to discount one iota of his message, or that his message Wednesday will change one iota from Tuesday. So, that reaction is very vulnerable to being undone.

MBA Purchase Applications
7:00 AM ET

Durable Goods Orders
8:30 AM ET

Bernanke Humphrey-Hawkins House testimony
10:00 AM ET

Pending Home Sales Index
10:00 AM ET

EIA Petroleum Status Report
10:30 AM ET

7-Yr Note Auction
1:00 PM ET

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

Highlights: Big day, Tuesday. The reports are the least of it, when they alone would be remarkable. Those are the three housing sector looks, two simultaneously, when I have very little record of two being released on the same day. Anyway, the BIGGER big activity is the first half of Bernanke’s semi-annual congressional testimony. He is expected to walk back last week’s hawkish FOMC Minutes that spooked the market just for there having been discussion about ending QEternity. This would likely produce a positive price reaction, and probably also positive price anticipation, centered around the embargo being lifted on his prepared opening remarks at 10:00… P.S. Don’t assume that positive price action on Tuesday’s first appearance won’t be undone if/when Bernanke takes the same tack Wednesday.. P.P.S. The Senate is scheduled to vote on Jack Lew’s confirmation as the next Treasury Secretary.

ICSC-Goldman Store Sales
7:45 AM ET

Redbook
8:55 AM ET

FHFA House Price Index
9:00 AM ET

S&P Case-Shiller HPI
9:00 AM ET

New Home Sales
10:00 AM ET

Consumer Confidence
10:00 AM ET

Bernanke Humphrey-Hawkins Senate testimony
10:00 AM ET

Richmond Fed Manufacturing Index
10:00 AM ET

State Street Investor Confidence Index
10:00 AM ET

4-Week Bill Auction
11:30 AM ET

5-Yr Note Auction
1:00 PM ET