The monthly employment situation report will be published Friday at 8:30 a.m., with the privately published ADP employment report on Wednesday at 8:15 a.m. providing a glimpse of what is likely to come from the government report.
International trade statistics will be published on Tuesday at 8:30 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 average hourly workweek in manufacturing from the employment report at 8:30 a.m. Friday..
Manufacturers’ new orders for consumer goods and materials from the factory orders report at 10 a.m. Monday.
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.
Manufacturers’ new orders for non-defense capital goods from the jobless claims report at 8:30 a.m. Thursday.
Events arranged by day:
Monday: Factory orders at 10 a.m.
Tuesday: International trade at 8:30 a.m. and the Institute of Supply Management non-manufacturing index at 10 a.m.
Wednesday: ADP employment report at 8:15 a.m. and petroleum inventories at 10:30 a.m.
Thursday: Jobless claims at 8:30 a.m.
Friday: The employment situation at 8:30 a.m. and consumer sentiment 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).
By Tim Bovee, Portland, Oregon, Dec. 2, 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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