Reports to Watch
The week is full of key economic data from a variety of sectors.
- Regional manufacturing data from the Empire State Index and the Philadelphia Fed Index will be released on Monday and Thursday, respectively.
- Housing numbers come in the form of the NAHB Housing Market Index on Tuesday followed by Building Permits and Housing Starts on Wednesday.
- As usual, weekly Initial Jobless Claims will be released on Thursday.
Quarterly earnings season ramps up this week and will be key for traders and investors as they decide whether or not cash goes into the Stock or Bond markets.
Second-quarter earnings are expected to increase 7.9 percent from a year ago, after first-quarter earnings posted their best performance since 2011. However, earnings may have to come in strong to lift Stocks more due to the S&P, Dow and NASDAQ being at all-time highs.
As mentioned, though, markets will be looking ahead to next week’s big events in the FOMC meeting and the release of the Gross Domestic Product report.
For more detailed information and insight, view the Economic Calendar, the Daily Market Update and Guidance, and our exclusive Market News. And don’t forget, you can easily download the Economic Calendar to your Outlook Calendar to make sure you don’t miss important economic releases. Just click here to read instructions for downloading to Outlook.