The Week Ahead: Prices, retail, industry


This is a week for a potpourri of data, including two price reports: The consumer price index on Thursday and the producer price-final demand index on Wednesday, each at 8:30 a.m. New York time.

Also out, on Friday, retail sales at 8:30 a.m. and industrial production a 9:15 a.m.

Leading indicators (in descending order of importance):

The interest rate spread between 10-year Treasuries and the federal funds rate, reported continually during market hours.

The M2 money supply, at 4:30 p.m. Thursday.

The S&P 500 index, reported continually during market hours.

Average weekly initial claims for unemployment, from the jobless claims report at 8:30 a.m. Thursday.

The index of consumer expectations from the University of Michigan consumer sentiment survey at 10 a.m. Friday

Events arranged by day:

Tuesday: Job openings and labor turnover at 10 a.m.

Wednesday: Producer prices-final demand at 8:30 a.m., petroleum inventories at 10:30 a.m. and the Treasury budget at 2 p.m.

Thursday: The consumer price index AND jobless claims, each at 8:30 a.m., and the M2 money supply at 4:30 p.m.

Friday: A quadruple witching day in the markets, when stock index futures and options, stock options and single-stock futures all expire on the same day, retail sales and the Empire State manufacturing survey of conditions in New York, each at 8:30 a.m., industrial production at 9:15 a.m. and business inventories and consumer sentiment, each at 10 a.m.

I also keep an eye on the Baltic Dry Index, updated daily, and the 5-year implied inflation rate which is the difference between the yields on 5-year U.S. Treasury notes and  5-year Treasury inflation protected securities (TIPS).


None. Really. The Fed glitterati has fallen silent, and a vast silence has taken hold in the Heart or the World.

By Tim Bovee, Portland, Oregon, Sept. 9, 2017


Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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