Two price reports dominate the week’s economic reporting: Consumer prices on Thursday and producer prices (final demand) on Wednesday, each 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.
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 survey at 10 a.m.
Wednesday: Producer prices (final demand) at 8:30 a.m. and petroleum inventories at 10:30 a.m.,
Thursday: Jobless claims and consumer prices, each at 8:30 a.m., the Treasury budget at 2 p.m. and the M2 money supply at 4:30 p.m.
Friday: Import and export prices at 8:30 a.m. and the University of Michigan consumer sentiment survey at 10 a.m.
I also keep an eye on the Baltic Dry Index, updated daily, and the 10-year implied inflation rate based on U.S. Treasury yields.
By Tim Bovee, Portland, Oregon, July 7, 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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