Look ahead: Economic Calendar
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
