The Week Ahead: Holiday week, international trade

Monday is Christmas Day, and markets will be closed in New York, London and Sydney.

One major report will be published during the shortened week, international trade in goods, on Thursday at 8:30 a.m. New York time.

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.

Events arranged by day:

Monday: Markets closed for Christmas.

Wednesday: The Case-Shiller home price index covering 20 metro areas at 9 a.m.,  and consumer confidence and the Realtors pending home sales index, each at 10 a.m.

Thursday: International trade in goods and jobless claims, each at 8:30 a.m.,  petroleum inventories at 11 a.m.  and the M2 money supply at 4:30 p.m.

Friday: The Chicago Purchasing Managers index at 9:45 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. 22, 2017

Disclaimer

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.

License
Creative Commons License

All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at www.timbovee.com.

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