Weekly calendar 01/16~01/20/2017
The Calendar
It is back to normal for the volume of economic data, but fewer of the most important reports.
The “A” List
- Housing starts and building permits (Th). The most important leading data in a key sector.
- Industrial production (W). The expected rebound would improve overall confidence in the economy.
- Initial claims (Th). The best concurrent indicator for employment trends.
The “B” List
- Beige Book (W). The Fed’s district-by-district look will be scoured for signs that rate hikes might come more quickly than expected.
- Philly Fed (Th). Earliest read on the new month has gained more respect in the past year.
- CPI (Th). Interest in the inflation reports is building, but the worrisome stages are not imminent.
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Crude inventories (Th). Recently showing even more impact on oil prices. Rightly or wrongly, that spills over to stocks.
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Fed speakers are still on the trail, with appearances every day. Chair Yellen will make two appearances.
Earnings reports will be the most important news.
