By B.P.T., on August 4th, 2010
The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week increase of 2.0% in the Purchase Index and a week to week decrease of 5.9% in the Refinance Index as the housing market showed a slight improvement for the second week in a row from the weakness shown since the second financial stimulus program for home sales came to a close at the end of April.
The Challenger Job-Cut Report was released at 7:30 AM EDT, and it showed that there were 41,676 layoffs in July, which is about 2,000 more than the number of layoffs that were reported in June.
At 8:15 AM EDT, the ADP Employment Report will be released. Investors will be watching this number to get advance notice on the state of the job market in advance of the government’s report on Friday.
At 10:00 AM EDT, the ISM non-manufacturing index for July will be released. The consensus estimate is that it decreased 0.8 points last month to a value of 53.0, but will continue to signal economic growth as it remains well above the mid-point of 50.
At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.
At 4:00 PM EDT, Treasury Secretary Tim Geithner will give a speech on fiscal policy and tax policy in Washington DC.
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By B.P.T., on July 7th, 2010
The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week decrease of 2.0% in the Purchase Index and a week to week increase of 9.2% in the Refinance Index as the housing market continues to show weakness since the second financial stimulus program for home sales came to a close at the end of April, but refinancing remains strong due to low interest rates.
At 7:45 AM EDT, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.
At 8:55 AM EDT, the weekly Redbook report will be released, giving us more information about consumer spending.
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By B.P.T., on June 30th, 2010
The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week decrease of 5.9% in the Purchase Index and a week to week increase of 12.6% in the Refinance Index as the housing market continues to show weakness since the second financial stimulus program for home sales came to a close at the end of April, but refinancing remains strong due to low interest rates.
At 8:15 AM EDT, the ADP Employment Report will be released. Investors will be watching this number to get advance notice on the state of the job market in advance of the government’s report on Friday.
At 9:45 AM EDT, the Chicago PMI Index for June will be announced. The consensus index value is 59.7, which is the same as May, but is still well above the break-even level at 50.
At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.
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By B.P.T., on June 23rd, 2010
The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week decrease of 5.9% last week as the housing market continues to show weakness since the second financial stimulus program for home sales came to a close at the end of April.
At 10:00 AM EDT, the New Home Sales report for May will be released. The consensus is that 400,000 new homes were sold last month, which would be a decrease of over 20% from April, but was expected as the housing tax credit expired at the end of April.
At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.
At 2:15 PM EDT, the FOMC Meeting Announcement will be made, which will provide insight into how long the Federal Reserve plans to keep rates at 0%. It is assumed that there will be no immediate change in the Fed funds target rate, but any hint that rates could rise in the future could have an impact on the bond market and stock market.
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By B.P.T., on June 16th, 2010
The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week increase of 7.3% last week, which is the first increase since the second financial stimulus program for home sales came to a close at the end of April.
At 8:30 AM EDT, the Housing Starts report for May will be released. The consensus is that construction on 650,000 new homes were started last month due to a decrease in hosing permits granted in April.
Also at 8:30 AM EDT, the Producer Price Index for May will be released. The consensus is that the index decreased 0.5% over last month, and increased 0.1% when food and energy are excluded. The expected decrease in the overall index is being attributed to lower gas prices.
At 9:15 AM EDT, the Industrial Production report for May will be released. The consensus is that there will be a gain 0f 1% in production and a gain of 0.8% in industrial capacity utilization.
At 5:45 PM EDT, Federal Reserve Chairman Ben Bernanke will speak the Conference on the Squam Lake Report in New York about financial reform.
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By B.P.T., on June 9th, 2010
The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week decrease of 5.7% last week, showing continuing weakness in the housing market since the second financial stimulus program for home sales came to a close at the end of April.
At 8:55 AM EDT, the weekly Redbook report will be released, giving us more information about consumer spending.
At 10:00 AM EDT, the Wholesale Trade report will be released for April, showing inventory levels for wholesalers in the United States.
Also at 10:00 AM EDT, Federal Reserve Chairman Ben Bernanke will testify before the Committee on the Budget in the U.S. House of Representatives on the topic of Economic and Financial Conditions and the Federal Budget.
At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.
At 4:00 PM EDT, Federal Reserve Chairman Ben Bernanke will speak at the Richmond Federal Reserve Bank forum on employment trends in Richmond.
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By B.P.T., on June 2nd, 2010
The figures for motor vehicle sales in May will be released today. The consensus estimate is that 8.9 million autos were sold last month, which would be the an increase of 400,000 autos sold compared to April.
The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week decrease of 4.1% last week, showing continuing weakness in the housing market since the second financial stimulus program for home sales came to a close at the end of April.
The Challenger Job-Cut Report was released at 7:30 AM EDT, and it showed that there were 38,810 layoffs in May, which is slightly higher than the number of layoffs that were reported in April, but is another sign that the employment market is improving.
At 7:45 AM EDT, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.
At 8:55 AM EDT, the weekly Redbook report will be released, giving us more information about consumer spending.
At 10:00 AM EDT,the value of the pending home sales index for April will be announced. It is expected that the index will increase over March because of the federal tax credit for buying a home that ended on April 30.
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By B.P.T., on May 26th, 2010
The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week decrease of 3.3% last week, showing continuing weakness in the housing market since the second financial stimulus program for home sales came to a close at the end of April.
At 8:30 AM EDT, the Durable Goods Orders report for April will be released. The consensus is that there was a gain of 1.5% from March, which would continue the positive trend in this metric.
At 10:00 AM EDT, the New Home Sales report for April will be released. The consensus is that 425,000 new homes were sold last month, which would be an increase over March, but was expected as the housing tax credit expired at the end of April.
At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update after a negative week for oil prices.
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By B.P.T., on May 19th, 2010
The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week decrease of 27.1% last week, since the second financial stimulus program for home sales came to a close at the end of April. That decrease sent the index to its lowest level since 1997, and is a sign of impending weakness in the housing market.
At 8:30 AM EDT, the Consumer Price Index report for April will be released. The consensus is that CPI will be flat for last month, with a 0.1% increase in CPI when food and energy are removed.
At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update after a negative week for oil prices.
At 2:00 PM EDT, the Federal Open Market Committee will release its minutes for the meeting held on April 28, 2010. This report contains quarterly economic forecasts from the Federal Reserve and policy changes that were discussed.
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By B.P.T., on May 12th, 2010
The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week decrease of 9.5% last week, since the second financial stimulus program for home sales came to a close in the previous week.
At 8:30 AM EDT, the International Trade report for March will be released. The consensus is a deficit of $41 billion, which would be a increase of $1.3 billion over February. The expected increase in the trade gap is being attributed to higher oil prices.
At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update after a volatile week for oil prices.
At 2:00 PM EDT, the Treasury budget for April will be released. The consensus is a deficit of $40 billion, after a deficit of $65.4 billion in March due to spending on stimulus projects and TARP outlays. Historically, the U.S. Treasury runs a surplus in April.
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