THE WEEK AHEAD

The week of the 14th through the 18th will be busy, with a large number of economic data points scheduled for release in North America and Europe (while Asia will have a relatively light schedule).  Attached below is a snapshot of some (though far from all) of the headline numbers that we will be focused on.  

 

Monday September 14

 

North America

Q2 Capacity Utilization for Canada will be released at 8:30 am.

 

Europe

Eurozone Industrial Production data for July will be released in the morning.

 

Asia

Revised Industrial Production data for Japan will be released in the morning while in Australia the notes from the September RBA meeting will be released at 9:30 PM.  

 

Tuesday September 15

 

North America

August PPI and Retail Sales data will be announced at 8:30 AM while July Business Inventory figures will be released at 10.  Weekly ICSC, Redbook and ABC Consumer Comfort index data will also be released at normal scheduled times.  In Canada July vehicle sales and Q2 Labor Productivity figures will be released on Tuesday morning. 

 

Europe

Eurozone Q2 labor costs will be released on Tuesday morning as will French CPI and German ZEW sentiment indices. In the UK, August CPI and Retail Sales Data will be released at 4:30 AM as will DCLG House Prices for July.

 

Wednesday September 16

 

North America

Wednesday morning will be busy with August CPI, Industrial Production and Capacity Utilization scheduled for release as well as Q2 Current Account data.  Weekly MBA Mortgage application data will be released on Wednesday morning along with EIA oil gas and distillate stock levels. NAHB Housing Market Index levels will be announced at 1 PM for September.  In Canada Manufacturing Shipments, Orders and Inventories for July will be released at 8:30 AM.

 

Europe

August CPI data will be released in the morning for both the Eurozone and Italy , while in the UK August Claimiant and July Unemployment will be published. Germany will auction 10 year bunds.

 

Asia

August Unemployment will be released in South Korea on Wednesday morning while July Tertiary Index levels for July will be released in Japan in the evening.

 

Thursday September 17

 

North America

After a slight decline last week, the market will be focused on Initial Claims data for the week of the 28th when it is released at 8:30 AM. ISM Non-Manufacturing and Priced data for August will be released at 10 AM, while weekly Natural Gas stock data will be announced at 10:35 by the EIA (a closely followed data point in the wake of the prior week’s bearish reading). Also on Thursday morning the Treasury Department will announce 3, 10 and 30 years.

 

Europe

Eurozone July Trade data will be announced While in Switzerland the Scheduled SNB Monetray Assessment wile b held at 8 Am. In the UK August Retail sales data will be released while Her Majesty’s Treasury will offer 5.25 GBP Billion of 2014 Gilt at 2.25%). 

Asia

Another light schedule with Weekly Wholesale Inflation data from India and August Unemployment rate levels for August slated for release.

 

Friday September 18

  

North America

In Canada Wholesale Trade figures for July will be released at 8:30 AM.

 

Europe

Eurozone Current account figures for July will be released on Friday morning, as will Italian Industrial Orders and Sales data for July and German PPI for August. In the UK August M4, Net Borrowing and CML Gross Mortgage figures will eb announced. 

 

Asia

On Friday morning Leading and Coincident Index levels for July will be released in Japan


Cartoon of the Day: 'Biggest Tax Cut Ever'

President Donald Trump's economic team unveiled what he called last week, "the biggest tax cut we’ve ever had.” Before you get too excited about that hang on a sec. "Trump Tax Reform ain’t gettin’ done anytime soon," Hedgeye CEO Keith McCullough wrote in today's Early Look.

read more

Neurofinance: The Psychology Behind When To Sell A Bull Market

"Most momentum investors stay invested too long, under-reacting and holding tight after truly bad news finally arrives to break the trend," writes MarketPsych's Richard Peterson.

read more

Energy Stocks: Time to Buy the Dip? | $XLE

What the heck is happening in the Energy sector (XLE)? Energy stocks have trailed the S&P 500 by a whopping 15% in 2017. Before you buy the dip, here's what you need to know.

read more

Cartoon of the Day: Hard-Headed Bears

How's this for "hard data"? So far, 107 of 497 S&P 500 companies have reported aggregate sales and earnings growth of 4.4% and 13.2% respectively.

read more

Premium insight

McCullough [Uncensored]: When People Say ‘Everyone is Bullish, That’s Bulls@#t’

“You wonder why the performance of the hedge fund indices is so horrendous,” says Hedgeye CEO Keith McCullough, “they’re all doing the same thing, after the market moves. You shouldn’t be paid for that.”

read more

SECTOR SPOTLIGHT Replay | Healthcare Analyst Tom Tobin Today at 2:30PM ET

Tune in to this edition of Sector Spotlight with Healthcare analyst Tom Tobin and Healthcare Policy analyst Emily Evans.

read more

Ouchy!! Wall Street Consensus Hit By Epic Short Squeeze

In the latest example of what not to do with your portfolio, we have Wall Street consensus positioning...

read more

Cartoon of the Day: Bulls Leading the People

Investors rejoiced as centrist Emmanuel Macron edged out far-right Marine Le Pen in France's election day voting. European equities were up as much as 4.7% on the news.

read more

McCullough: ‘This Crazy Stat Drives Stock Market Bears Nuts’

If you’re short the stock market today, and your boss asks why is the Nasdaq at an all-time high, here’s the only honest answer: So far, Nasdaq company earnings are up 46% year-over-year.

read more

Who's Right? The Stock Market or the Bond Market?

"As I see it, bonds look like they have further to fall, while stocks look tenuous at these levels," writes Peter Atwater, founder of Financial Insyghts.

read more

Poll of the Day: If You Could Have Lunch with One Fed Chair...

What do you think? Cast your vote. Let us know.

read more

Are Millennials Actually Lazy, Narcissists? An Interview with Neil Howe (Part 2)

An interview with Neil Howe on why Boomers and Xers get it all wrong.

read more