The Week Ahead: Real estate etc.

Two real-estate reports will be published during the week: Housing starts, a forward looking study, on Tuesday at 8:30 a.m. New York time, and existing home sales, on Wednesday at 10 a.m.

Also out during the week, the Purchasing Managers index composite flash report, on Friday at 9:45 a.m.

In Fedworld, Chairman Jerome Powell will take part in a panel discussion at the European Central Bank Forum on Central Banking in Linhó Sintra, Portugal, on Wednesday at 9:30 a.m. New York time (2:30 p.m. local). The event will be streamed live here.

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.

Events arranged by day:

Monday: The Home Builders housing market index at 10:00 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 and the Philadelphia Fed’s business outlook survey of conditions in the mid-Atlantic states, each at 8:30 a.m. ,and the M2 money supply at 4:30 p.m.

Friday: The PMI Composite flash report 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 10-year U.S. Treasury notes and  10-year Treasury inflation protected securities (TIPS).

By Tim Bovee, Portland, Oregon, June 16, 2018


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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