Weekly calendar 09/05~09/09/2016
The Calendar
We have a light week for economic data. While personally I watch everything on the calendar, you do not need to! I highlight only the most important items in WTWA. Focus is essential.
The “A” List
- ISM services (T). Continuing strength in the service sector?
- Fed Beige book (W). Anecdotal evidence adds color to the data for the next FOMC meeting.
- JOLTS report (W). The Fed uses this to analyze labor market structure. It is less useful for employment growth.
- Initial claims (Th). The best concurrent indicator for employment trends, but less attention during “employment week.”
The “B” List
- Wholesale inventories (F). July data but relevant for revision of Q2 GDP.
- Crude inventories (W). Often has a significant impact on oil markets, a focal point for traders of everything.
There will be some FedSpeak. There may also be news from the G20 conference. See Treasury Secretary Lew’s presentation at Brookings for a preview.
OPEC to Hold Talks in September, as Oil Market Takes Downturn
Oil cartel is constantly discussing ways to stabilize market, says OPEC president
An informal meeting of OPEC member countries is scheduled to take place on the sidelines of the International Energy Forum in Algeria from Sept. 26-28 to revive the production freeze talk.
