Economic Events on December 27, 2011

At 9:00 AM Eastern time, the monthly S&P/Case-Shiller home price index report will be released.  Given that most economists don’t expect the overall U.S. economy to improve until housing prices end their decline, the market will be watching this number closely.

At 10:00 AM Eastern time, the monthly report on Consumer Confidence for December will be released.  The consensus index level is 59, which would be a 3 point increase from last month’s number.

Also at 10:00 AM Eastern time, the State Street Investor Confidence Index will be released, which looks at changes in the amount of equities held in the portfolios of institutional investors.

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