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PPI, Industrial Production, TIC Flows, Housing Confidence
Equity markets are looking down before the bell but the losses are modest compared to the Monday rally. rnrnS&P 500 futures are off 2.1 points to 1,104 and Dow future have shed 5 points to 10,363. On Monday investors pushed the S&P up nearly 16 points, or 1.45%, to a new 13-month high. The Dow saw a 1.33% gain to 10,407.
Recap: Bernanke Discusses the Economic and Policy Outlook
Federal Reserve Chairman Ben Bernanke today spoke at the Economic Club of New York. The topic of his speech was the Outlook for the Economy and Policy. While nothing groundbreaking was said, I do want to recap his comments and point out a few observations.
Data Storm Rains on Markets
The week begins with a bang but ends with a whimper. A storm of data hits markets on Monday with retail sales an hour before the opening bell, plus the first look at November manufacturing and business inventories. To top off the day, Fed chairman Ben Bernanke gives a talk during the lunch hour a little after dual Treasury auctions.rnrnLater in the week markets will be looking at inflation indexes, housing construction data, the usual weekly labor report, and leading indicators. Friday ends the week with no data at all.
Latest Articles
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
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Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...