The economic calendar is extensive with a focus on housing and consumer behavior. Expect market participants to look for any sign that the economic recovery is stalling in the face of the COVID-19 surge and the slower pace of reopening. Unemployment claims data remains an especially important indicator. Second quarter earnings reports, beginning with the […]
The economic calendar is a big one, compressed into a holiday-shortened week. Market participants will be checking out shortly after the Thursday morning jobs report for an extended weekend – somewhere! Employment data is the focus, but ISM manufacturing, consumer confidence, industrial production, factory orders, pending home sales, and auto sales are also all on […]
We have another short week, a government shutdown as partisan lines are redrawn, and also some important new data. Many will plan to take the week off, but some will be making last-minute position adjustments on Monday. I expect many market participants to happily turn the calendar page, enjoying a blank slate for the New […]
We have another normal economic calendar. The election is behind us. The Fed decision is behind us. What next? Some of the punditry convened after Wednesday’s rally to say that it was time to get “back to reality.” Others are wondering about a year-end rally. Since everyone keys off what happened the day before (!!) […]
We have a normal economic calendar. Tuesday’s election will take center stage. Markets have less than expected interest in the election. Partly this reflects confidence in a split outcome, with no major policy changes. I expect pundits, especially if encouraged by early-week trading, to focus on the signals from volatility and markets declining below technical […]