Weekly calendar 07/11 ~ 07/15, watch out European stress tests which will be released later this month, link
The Week Ahead
We would all like to know the direction of the market in advance. Good luck with that! Second best is planning what to look for and how to react. That is the purpose of considering possible themes for the week ahead. You can make your own predictions in the comments.
The Calendar
We have a fairly normal week for economic data. In my calendar I highlight only the most important items, helping us all to focus.
The “A” List
Retail Sales (F). Will this reflect improved sentiment and employment?
Industrial production (F). A volatile data series–closely watched given the recent manufacturing weakness.
Michigan Sentiment (F). Good read on employment and spending.
Initial claims (Th). The best concurrent indicator for employment trends.
The “B” List
China Q2 GDP (F). It is amazing how quickly this number is generated….
CPI (F). May start to get some attention if the expected increase occurs.
PPI (Th). See CPI.
Fed Beige Book (W). Descriptive reports from various Fed districts, prepared for next FOMC meeting.
Business inventories (F). May data, but relevant for GDP.
Wholesale inventories (T). Volatile May data – a factor in GDP calculation.
Crude inventories (W). Often has a significant impact on oil markets, a focal point for traders of everything.
The big story will be corporate earnings. Fed fans can enjoy appearances from at least six of the regional Presidents. Expect each to be asked if Friday’s employment data changes the likely timing and number of rate increases.
