Schedule for Week of December 15, 2019

Dec 14 13:12 2019 Print This Article

The key economic reports this week are November Housing Starts, Existing Home Sales, the 3rd estimate of Q3 GDP, and November Personal income and outlays.For manufacturing, November Industrial Production, and the December New York, Philly and Kansas City Fed surveys, will be released this week.----- Monday, Dec 16th -----

8:30 AM: The New York Fed Empire State manufacturing survey for December. The consensus is for a reading of 4.0, up from 2.9.10:00 AM: The December NAHB homebuilder survey. The consensus is for a reading of  70, unchanged from 70. Any number above 50 indicates that more builders view sales conditions as good than poor.----- Tuesday, Dec 17th -----

8:30 AM: Housing Starts for November. This graph shows single and total housing starts since 1968.The consensus is for 1.344 million SAAR, up from 1.314 million SAAR.9:15 AM: The Fed will release Industrial Production and Capacity Utilization for October.This graph shows industrial production since 1967.The consensus is for a 0.8% increase in Industrial Production, and for Capacity Utilization to increase to 77.2%.10:00 AM ET: Job Openings and Labor Turnover Survey for October from the BLS. This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS. Jobs openings were at 7.024 million in September.----- Wednesday, Dec 18th -----

Read More

About Article Author

Calculated Risk

A full time blogger, Bill McBride retired as a senior executive from a small public company in the '90s. Mr. McBride holds an MBA from the University of California, Irvine, and has a background in management, finance and economics.


Related Items

Taleb: What Size Tail Does the Smart Money Bet On?

Statistician/philosopher Nassim Nicholas Taleb critiques “behavioral” economics and finance as he looks at the differences between “binary forecasts” and “real world payoffs,” in a recent paper for the International Journal of Forecasting. Much of the argument will be familiar to those w ...

Wednesday: FOMC Statement and Press Conference, Pending Home Sales

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• At 10:00 AM, Pending Home Sales Index for December. The consensus is for a 0.5% increase in the index.• At 2:00 PM, FOMC Meeting Announcement. No change to ...

Ahead of the January FOMC - Craig Hemke (28/01/2020)

January 28, 2020 Much of the talk surrounding gold thus far in 2020 has focused upon geo-political and pandemic risks. While all of this is relevant to price in the short-term, the discussions being held by the Fed's FOMC this week will have a much more durable impact. At this point, I wouldn't exp ...

CBO Projection: Annual Budget Deficit to be above 4% GDP for the Next Decade

Remember the promise that the 2017 Tax Cuts and Jobs Act (TCJA) would "pay for itself", and that the current administration would reduce the deficit? Hoocoodanode? ("Who could have known?",Popularized by my former co-blogger Tanta!)The Congressional Budget Office (CBO) released their new The Budget ...

Trading Weekly Options on Canada Goose Holdings Inc (GOOS.TO)

Just as a follow up to our block trade on Canada Goose Holdings Inc (GOOS) from November 14, 2019,  the January 17, 2020 $46 strike call options have expired worthless, since the stock traded out-of-the money at market close. Effectively, we have captured the full option premium of $4.31/share and ...

Update: A few comments on the Seasonal Pattern for House Prices

CR Note: This is a repeat of earlier posts with updated graphs.A few key points:1) There is a clear seasonal pattern for house prices.2) The surge in distressed sales during the housing bust distorted the seasonal pattern.3) Even though distressed sales are down significantly, the seasonal factor is ...

Richmond Fed: Manufacturing Activity Rebounded in January

From the Richmond Fed: Manufacturing Activity Rebounded in JanuaryFifth District manufacturing activity rebounded in January, according to the most recent survey from the Richmond Fed. The composite index rose from −5 in December to 20 in January, as all three components— shipments, new orders, ...

Macro Briefing | 28 January 2020

Coronavirus infections in China rise above 4,500; deaths climb to 106: CNBC New York, with large Chinese population, prepares for coronavirus: NY Times Don’t blame the slide in US stocks on the coronavirus: MW Pressure rising for Bolton testimony in impeachment trial: WSJ Italy’s populist leade ...