Weekly calendar 08/22 ~ 08/26/2016
The Calendar
We have another rather slow week for economic data, but plenty of impending big news. While personally I watch everything on the calendar, I highlight only the most important items in WTWA. Focus is essential.
The “A” List
- New Home Sales (T). A good read on an important sector.
- Michigan Sentiment (F). The only concurrent data on job creation and spending.
- Durable Goods Orders (Th). Volatile July data is relevant to confirm the industrial rebound.
- Initial claims (Th). The best concurrent indicator for employment trends.
The “B” List
- Existing home sales (W). Not as important as new homes, but a solid indicator for the overall market.
- GDP – 2nd estimate for Q2 (F). Old news, but it will be the base for evaluating the rest of the year.
- Crude inventories (W). Often has a significant impact on oil markets, a focal point for traders of everything.
The big news will be the Yellen presentation at Jackson Hole. Markets will get a hint when the specific topics are announced on Thursday.
