Weekly Calendar 10/17~10/21/2016
We have a fairly big week for economic data, as well as earnings reports.
The “A” List
- Housing starts and building permits (W). Important forward looking data on a crucial sector.
- Industrial production (M). Volatile September data. Any sign of a rebound from last month’s loss?
- Fed Beige Book (W). Prepared for the next FOMC meeting, this provides color from each Fed district, going beyond the data.
- Leading indicators (Th). Widely followed, despite some controversy. Rebound expected from last month’s negative reading.
- Initial claims (Th). The best concurrent indicator for employment trends.
The “B” List
- Existing home sales (Th). Without the impact of new homes, but still a good read on the overall housing market.
- CPI (T). Inflation is still not very important, and it will not be until there are a few higher months.
- Philly Fed (Th). Has earned some respect as one of the few regional indicators that can move markets. The first October data.
- Crude inventories (W). Often has a significant impact on oil markets, a focal point for traders of everything.
More important than the economic data will be continuing earnings news.
