weekly calendar 10/23 ~10/27/2016
We have a normal week for economic data, along with many important earnings reports.
The “A” List
- New home sales (T). Continuing strength needed.
- Consumer confidence (T). The Conference Board version spiked last month. Few expect the gains to hold?
- GDP for Q3 (F). Even though this is backward looking, it will get plenty of media attention in front of the election.
- Michigan Sentiment (F). Has been weaker than the Conference Board version. An important indicator.
- Initial claims (Th). The best concurrent indicator for employment trends.
The “B” List
- Pending home sales (Th). Not as important as new homes for immediate economic effect, but a good market indicator.
- Durable goods (Th). Volatile September data, but important for the overall assessment of the economy.
- Existing home sales (Th). Without the impact of new homes, but still a good read on the overall housing market.
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Crude inventories (W). Recently showing even more impact on oil prices. Rightly or wrongly, that spills over to stocks.
More important than the economic data will be continuing earnings news. We also have almost daily Fedspeak and plenty of international events and speeches. And of course…the candidates.
