It is a big week for economic data
The official link of economic data Calendar
We have a big week for economic data, with many participants edging out the door by noon on Friday. I always highlight only the most important items, helping us all to focus.
The “A” List
The ISM Index (F). Important for those on recession watch.
Consumer Confidence (T). Good read on employment and spending.
Personal Income and Spending (W). Key data on consumer health.
Auto Sales (F). Continuing strength in this private data series?
Initial claims (Th). The best concurrent indicator for employment trends.
The “B” List
Pending Home Sales (W). Less direct impact than new home sales, but a good read on the housing market.
Construction Spending (F). A noisy series, but an important sector.
Q1 GDP (T). This is the final estimate – at least until benchmark revisions. Old news, but it is what goes in the books.
More Fed Stress Test Results (W). Which banks can increase dividends and buy back shares?
Chicago PMI (Th). Market will watch for a hint about the ISM report.
Crude inventories (W). Often has a significant impact on oil markets, a focal point for traders of everything.
Fed Chair Yellen is meeting with ECB President Draghi at a European forum on central banking. That should be interesting! We’ll get some additional FedSpeak later in the week.
