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Treasury Auctions, Case Shiller HPI, Consumer Confidence
With one week to go in 2009 the S&P 500 is up 24.7% on the year. Or, if it makes you feel better, the benchmark index is up 64.8% since its nadir on March 9. Between the Christmas holiday and the New Year the economic schedule is pretty empty but there are some highlights in the four-day week, which would lead one to assume that markets should inch forward amid light trading.
On Tuesday the nation’s key measure of home prices is expected to show a sixth month of price gains. Tuesday also has the Conference Board’s final measure of consumer confidence for the decade, which is set to begin rising after months of stagnation.
A final regional manufacturing report from Chicago hits the headlines on Wednesday. And on Thursday jobless claims are expected to continue moderating.
Aside from data, bond markets should be active as the Treasury is holding auctions on Monday, Tuesday, and Wednesday.
Monday:
- Treasury Auctions:
- 11:30 â€
About the Author
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Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.
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