The Week Ahead: Housing, GDP, durables, income, outlays

Three real-estate reports will be published during the week, the forward-looking housing starts on Tuesday at 8:30 a.m. New York time and a pair of sales reports, existing home sales, which covers the greater part of the market, on Wednesday and new home sales on Friday, each at 10 a.m.

Also out, the third and final estimate of 3rd quarter gross domestic product on Thursday and durable goods orders and personal income and outlays on Friday, all three reports 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 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.

Building permits for new private homes from housing starts at 8:30 a.m. Tuesday.

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

Events arranged by day:


Monday: The Home Builders housing market index at 10 a.m.

Tuesday: Housing starts at 8:30 a.m.

Wednesday: Existing home sales at 10 a.m. and  petroleum inventories at 10:30 a.m.

Thursday: Jobless claims, GDP and the Philadelphia Federal Reserve Bank business outlook survey of conditions in the mid-Atlantic region, each at 8:30 a.m., and the M2 money supply at 4:30 p.m.

Friday: Durable goods orders and personal income and outlays, each at 8:30 a.m., and new home sales 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).

By Tim Bovee, Portland, Oregon, Dec. 16, 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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