Weekly Calendar 11/14~11/18/2016
We have an important week for economic data, with a special focus on housing.
The “A” List
- Housing starts and building permits (Th). Different directions in recent reports.
- Retail sales (T). Continuing strength expected.
- Initial claims (Th). The best concurrent indicator for employment trends.
The “B” List
- Philly Fed (Th). Continuing small gains expected in an early read on November.
- Industrial production (W). Small growth expected despite recent weakness.
- PPI (W). Still not a major market factor, but moving higher.
- CPI (Th). Not the Fed’s “official” inflation indicator, but it is moving beyond the target.
- Business inventories (T). September data, but relevant for final Q3 GDP.
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Crude inventories (W). Recently showing even more impact on oil prices. Rightly or wrongly, that spills over to stocks.
There are still some earnings reports, including housing stocks. Once again we also have almost daily Fedspeak. We’ll get to watch some dancing around the political questions.
