Weekly calendar 01/23 ~01/27/2017
The Calendar
It is back to normal for the volume of economic data, but fewer of the most important reports.
The “A” List
- New Home Sales (Th). More strength expected in this important sector.
- Michigan Sentiment (F). Continued strength anticipated. Special interest in future expectations.
- Q4 GDP (F). The first estimate gets major adjustments, but still attracts plenty of attention.
- Leading Indicators (Th). Expected rebound from last month’s “No change.” Some swear by this report.
- Initial jobless claims (Th). How long can the amazing strength continue?
The “B” List
- Existing Home Sales (T). Lacks the economic effect of new sales, but a good read on the market.
- Durable Goods (F). More stable improvement when the volatile transportation sector removed, but headline rebound also expected.
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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 still on the trail. Questions will probe the new political environment, with everyone trying to dodge.
Earnings reports will remain important. Early actions from the Trump Administration will capture attention, if only because few know quite what to expect.
