It was a mixed week in the market with the DJIA down 60 to close at 16,662, the S&P 500 off a fraction to 1,955.06 from 1.955.18 and the Nasdaq up 12 at 3,987. Bond yields dropped again in a flight to safety and oil, of course, rallied on the Ukrainian news.Five sectors were up and three were down with Energy, Utilities, Health Care, Materials and Consumer Staples up. Next week is another busy one with data about housing, the CPI and FOMC minutes from three weeks ago to go along with the start of the Fed's annual Jackson Hole meetings.
Monday, August 18
US Economics (Time Zone: EST)
10:00 NAHB Housing Market Index (Aug) - expected 53, prior 53
11:00 Fed purchasing $950m-$1.15b bonds in 22 to 30-year range
11:30 Treasury to sell $29b 3-month bills and $25b 6-month bills
Global Economics (Time Zone: GMT)
01:30 CNY July Property Prices
09:00 EUR Eurozone Trade Balance
Earnings
After:
Urban Outfitters (URBN)
Tuesday, August 19
US Economics (Time Zone: EST)
08:30 Consumer Price Index YoY (Jul) - expected 2.0%, prior 2.1%
08:30 CPI Ex Food & Energy YoY - exp 1.9%, prior 1.9%
08:30 Housing Starts (Jul) - exp 970K, prior 893K
08:30 Building Permits - exp 1000K, prior 973K
11:00 Fed to purchase $250m-$350m notes in 11-19 year range
11:30 Treasury to sell 4-week bills, $25b 52-week bills
Global Economics (Time Zone: GMT)
03:00 NZD RBNZ 2-Year Inflation Expectations
08:30 GBP CPI
Earnings
Before:
Home Depot (HD)
Dick's Sportings Goods (DKS)
Medtronic (MDT)
TJX (TJX)
Wednesday, August 20
US Economics (Time Zone: EST)
07:00 MBA Mortgage Apps
2:00 FOMC Minutes
Global Economics (Time Zone: GMT)
AUD RBA's Stevens delivers semi-annual testimony
JPY Trade Balance
04:30 JPY All Industry Activity Index
06:00 EUR German PPI
08:30 GBP BoE Minutes
Earnings
Before:
Target (TGT)
PetSmart (PETM)
Hain Celestial (HAIN)
Madison Square Garden (MSG)
After:
Hewlett-Packard (HPQ)
L Brands (L)
Lowe's (LOW)
Staples (SPLS)
American Eagle Outfitters (AEO)
Thursday, August 21
US Economics (Time Zone: EST)
08:30 Initial Jobless Claims - exp. 300k, prior 311k
08:30 Continuing Claims - prior 2544k
10:00 Philly Fed - exp 20.0, prior 23.9
10:00 Existing Home Sales - exp 5.00M, prior 5.04M
10:00 Leading Index - exp 0.6%, prior 0.3%
11:00 Fed to purchase $2.05b-$2.5b notes in 7 to 10-year range
Fedspeak
Jackson Hole Fed symposium begins
Global Economics (Time Zone: GMT)
Japan Investors Purchases of Foreign Stocks/Bonds
01:00 AUD Consumer Confidence Index
01:35 JPY Manufacturing PMI (Aug prelim)
01:45 CNY HSBC Manufacturing PMI (Aug prelim)
06:00 CHF Trade Balance
07:00 EUR France Manufacturing PMI (Aug prelim)
07:30 EUR German Manufacturing PMI (Aug prelim)
08:00 EUR Eurozone Manufacturing PMI (Aug prelim)
08:30 GBP Retail Sales
08:30 GBP Public Budget
14:00 EUR Eurozone Consumer Confidence (Aug advance)
Earnings
After:
Gap (GPS)
Ross Stores (ROST)
Dollar Tree (DLTR)
Aeropostale (ARO)
Friday, August 22
US Economics (Time Zone: EST)
No major reports scheduled
Fedspeak
Jackson Hole Fed symposium begins
Global Economics (Time Zone: GMT)
12:30 CAD CPI
Earnings
No major earnings scheduled
Twitter: @MichaelSedacca
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