Monday, October 28, 2013

Rate Alert Weekly Market Preview 10/28/2013

What is on the agenda for this week?

Date
Time (ET)
Economic Release
Actual
Market Expects
Prior
28-Oct
9:15 AM
Industrial Production
-
0.30%
0.40%
28-Oct
9:15 AM
Capacity Utilization
-
78.00%
77.80%
28-Oct
10:00 AM
Pending Home Sales
-
-1.30%
-1.60%
29-Oct
8:30 AM
Retail Sales
-
-0.10%
0.20%
29-Oct
8:30 AM
Retail Sales ex-auto
-
0.30%
0.10%
29-Oct
8:30 AM
PPI
-
0.20%
0.30%
29-Oct
9:00 AM
Case-Shiller 20-city Index
-
12.40%
12.00%
29-Oct
10:00 AM
Business Inventories
-
0.20%
0.40%
29-Oct
10:00 AM
Consumer Confidence
-
73.1
79.7
30-Oct
7:00 AM
MBA Mortgage Index
-
NA
-0.60%
30-Oct
8:15 AM
ADP Employment Change
-
125K
166K
30-Oct
8:30 AM
CPI
-
0.10%
0.10%
30-Oct
8:30 AM
Core CPI
-
0.10%
0.10%
30-Oct
10:30 AM
Crude Inventories
-
NA
5.246M
30-Oct
2:15 PM
FOMC Rate Decision
-
0.25%
0.25%
31-Oct
7:30 AM
Challenger Job Cuts
-
NA
19.10%
31-Oct
8:30 AM
Initial Claims
-
335K
350K
31-Oct
8:30 AM
Continuing Claims
-
2850K
2874K
31-Oct
9:45 AM
Chicago PMI
-
55
55.7
31-Oct
10:30 AM
Natural Gas Inventories
-
NA
87 bcf
1-Nov
10:00 AM
ISM Index
-
55
56.2
1-Nov
10:00 AM
Construction Spending
-
NA
NA
1-Nov
2:00 PM
Auto Sales
-
NA
5.4M
1-Nov
2:00 PM
Truck Sales
-
NA
6.5M

We have a huge amount of economic data that will hit this week due to several reports hitting that were postponed due to the government shutdown.

We will have a good read on the consumer with Retail Sales, Consumer Confidence and Auto Sales.  A good read on manufacturing with Chicago PMI and ISM Manufacturing.  We will also get more data on the jobs front with ADP Private Payrolls and Initial Jobless Claims. On the Housing front we will get Pending Home Sales and the Case-Shiller Home Price Index.  And on the inflationary front we get PPI and CPI.

So, as you can see we will get data on just about every sector of our economy this week.  Of course, the focus will naturally be on Wednesday's Federal Open Market Committee's (FOMC aka "the Fed") interest rate decision and policy statement.  However, most traders and economists do not expect the FOMC to make any changes to their policies or their time tables.

This Week's Treasury Auctions:

10/28 2 year note
10/29 5 year note
10/30 7 year note.

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