Weekly Calendar 02/06 ~ 02/10/2017
The Calendar
It is back to normal for the volume of economic data, but the most important reports came last week.
The “A” List
- Michigan Sentiment (F). Continued strength anticipated. Special interest in future expectations.
- Trade balance (T). December data with impact on Q4 GDP adjustments. Will be watched more closely as Trump policy is clarified.
- Initial jobless claims (Th). How long can the amazing strength continue?
The “B” List
- JOLTS report (T). Misunderstood and misused. This is about labor market structure, not job growth.
- Wholesale inventories (Th). December data can have some effect on GDP adjustment. Favorite spinning target.
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Crude inventories (Th). Recently showing even more impact on oil prices. Rightly or wrongly, that spills over to stocks.
Fed speakers are back on the trail. Questions will probe the new political environment and hints about future rate hikes.
Earnings reports will remain important. Early actions from the Trump Administration have captured the spotlight and will continue to do so.
