The Week Ahead

by Geoff Garbacz | 06/20/2021 10:59 AM
The Week Ahead

The Russell 2000, S&P 500, Dow Jones Industrial Average and NASDAQ 100 were all lower for the week thanks to the action after the FOMC meeting.

  1. Geopolitical and Fiscal Events. There are 14 Fed Speakers this week, too numerous to mention. Thursday sees the Bank of England out with its latest announcement
  2. Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as existing home sales, new home sales, durable goods, Q1 GDP, personal income and PCE price deflator.
  3. arnings Releases.  Notable releases this upcoming week include LMNX KFY INFO CCL NKE FDX DRI ACN PAYX KMX. See the Earnings section of Chart Room for more details.

Monday, June 21st

  • No economic data of note besides weekly data.

Tuesday, June 22nd

  • May Existing Home Sales are due out at 8:30 a.m. EDT and came in last month at 5.85 million and is expected to drop 5.71 million this month.

Wednesday, June 23th

  • May New Home Sales are due out at 8:30 a.m. EDT and are expected to fall to 873,000 from 975,000.

Thursday, June 24th

  • May Durable Orders is due out at 8:30 a.m. EDT and is expected to rise to 2.8% from 1.0%.
  • Q1 GDP (third estimate) is due out at 8:30 a.m. EDT and is expected to remain at 6.4%.
  • The Bank of England (BOE) is out with its latest monetary policy decision well before markets open on Thursday.
  • The latest short interest for the NYSE and NASDAQ is due out after the close for the period through June 11th settlement date.

Friday, June 25th

  • May Personal Income is due out at 8:30 a.m. EDT and is expected to drop to -2.5% from -13.1-%. This is due to the stimulus money.
  • May PCE Prices – Core is due out at 8:30 a.m. EDT and is due to fall to 0.6% from 0.7%.

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