The Week Ahead For February 25th to March 1: Lots of Economic Data
The Russell 2000, NASDAQ 100 and the Dow Jones Industrial Average were higher for the ninth week in a row. Meanwhile the S&P 100 started a two week winning streak.
1.Geopolitical and Fiscal Events. Wednesday sees Federal Reserve Chairman Powell testify before Congress. Thursday sees speeches from Federal Reserve Vice Chairman Richard Clarida along with Atlanta President Raphael Bostic.
2.Economic Releases. Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as S&P Case Schiller Housing Index, Housing Starts, Consumer Confidence, Factory Orders, Pending Home Sales, GDP, Chicago PMI, Personal Income, ISM Manufacturing Index and University of Michigan Consumer Sentiment.
3.Earnings Releases. Notable releases this upcoming week include OKE MOS HD BNS BKNG LOW BUD TD XRAY FL.
Monday, February 25
No events of note.
Tuesday, February 26
S&P Case Schiller Home Price Index is due out at 8:00 a.m. EST and is expected to fall to 4.5% from 4.7%.
December Housing Starts are due out at 8:30 a.m. EST and are expected to fall to 1,254,000 from 1,256,000.
February Consumer Confidence is due out at 10:00 a.m. EST and is expected to rise to 125 from 120.02.
Wednesday, February 27
December Factory Orders are due out at 10:00 a.m. EST and are expected to rise to 1.0% from -0.6%.
January Pending Home Sales are due out at 10:00 a.m. EST and are expected to improve to -0.4% from -2.2%.
Federal Reserve Chairman Jerome Powell will testify before Congress as he delivers the semi-annual Humphrey Hawkins Testimony.
The latest NYSE and NASDAQ Short Interest Data is due out after the close for the period of January 29th through February 13th.
Thursday, February 28
Q4 GDP is due out at 8:30 a.m. EST and are expected to fall to 2.3% from 3.4%.
February Chicago PMI is due out at 9:45 a.m. EST and is expected to rise to 57.5 from 56.7.
Friday, March 1
December Personal Income is expected to rise top 0.3% from 0.2%.
January Personal Income is also due out at the same time with it expected to grow at 0.3%.
February ISM Manufacturing Index is due out at 10:00 a.m. EST and is expected to fall to 56 from 56.6.
February University of Michigan Consumer Sentiment is due out at 10:00 a.m. EST and is expected to rise to 95.6 from 95.5.