Monday  6

 
3 & 6 Month Bill Auction

Treasury Strips

Tuesday  7

 
ICSC-USB Store Sales  Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales.  Is considered to be one of the most timely indicators of consumer spending.

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales.  This measure tracks weekly sales from discounters, chain and department stores.

Productivity and Costs  This report looks at the growth or lack thereof in the efficiency of our labor force relative to the production of goods and services.

FOMC Monetary Policy Announcement

Consumer Credit  

This report represents the overall value of outstanding consumer credit debt.  Very simply put, if demand exceeds supply, interest rates rise.

4 Week bill Auction

Wednesday  8

MBA Purchase Applications measures applications at mortgage lenders.  This is considered a leading indicator for single family home sales and housing construction.

EIA Petroleum Status Report reports on crude oil inventories in the U.S. 

Wholesale Trade-This report is a measure of economic growth in that it looks at sales made and inventories held by wholesalers. 

10 Year Note Auction 

Thursday  9

 
Jobless Claims Unemployment claims. 

EIA Natural Gas Report-Tracks natural gas inventories.

3 and 6 month Treasury Bill Announcement , 30 year Bond Auction Investors use this data to attempt to predict future Federal Reserve policy.

Chain Store Sales Another indicator of consumer spending trends.

Money Supply

Friday 10

RBC Cash Index Monthly national survey of consumer attitudes on the state of the economy.  Consumer spending accounts for two thirds of the economy, so this tends to be an important index.

Treasury Budget 

This week markets will be probably on hold pending the FOMC Announcement on Tuesday. 

Last week proved very volatile following some weak data and the Dow suffered a 281.42 point loss, or 2.1%, to 13,181.91 on Friday.    Of note is that the S&P 500 suffered the biggest 3 week decline, 7.7% from July 13th, since 2003