weekly calendar from 01/09 ~01/13/2017
It is back to normal for the volume of economic data, but fewer of the most important reports.
The “A” List
- Retail sales (F). There is great interest in the December results, particularly after weak reports from some big players.
- Michigan sentiment (F). Continuing strength in January?
- Initial claims (Th). The best concurrent indicator for employment trends.
The “B” List
- JOLTS report (T). Important as a read on the structure of the labor market, not some macro indicator as usually cited.
- PPI (F). Interest in the inflation reports is building, but the worrisome stages are not imminent.
- Consumer credit (M). The big increase expected in November will get plenty of spin.
- Business inventories (F) . Volatile November data, but relevant for the Q4 GDP calculation. Another spin candidate.
- Wholesale inventories (T). See Business Inventories (above).
- Crude inventories (W). Recently showing even more impact on oil prices. Rightly or wrongly, that spills over to stocks.
Fed speakers are out in force this week, including Chair Yellen. Enjoy!
