The Week Ahead For May 16th-20th

Geopolitical and Fiscal Events. Monday sees Federal Reserve Minneapolis President Neel Kashkari speak at 7:00 p.m. EDT. Tuesday sees Federal Reserve San Francisco President John Williams speak at 12:00 p.m. EDT as does Atlanta President Dennis Lockhart with Politico’s Ben White while Dallas President Rob Kaplan speaks at 1:15 p.m. EDT.

Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and CPI, Housing Starts, Industrial Production, Philadelphia Fed Manufacturing, Leading Indicator and Existing Home Sales.

Earnings Releases. Notable releases include A QUNR HD TJX CSCO LOW WMT ROST DE CPB .

Monday, May 16

April Empire Manufacturing is due out at 8:30 a.m. EDT and is expected to fall to 6.2 from 9.6.

April N.A.H.B. Housing Index is due out at 8:30 a.m. EDT and is expected to rise to 59 from 58.

Tuesday, May 17

April Housing Starts are released at 8:30 a.m. EDT and are expected to rise to 0.4% from 0.1%.

April Industrial Production is released at 9:15 a.m. EDT and is expected to rise to 0.3% from -0.6%.

Presidential Primaries are held in Oregon and Kentucky.

Wednesday, May 18

The latest Federal Reserve Open Market Committee (FOMC) meeting minutes are released for the April 26-27 meeting.

Thursday, May 19

May Philadelphia Fed Manufacturing is released and is expected to rise to 1.6 from a drop of -1.6.

April Leading Indicators are released at 10:00 a.m. EDT and expected to rise to 0.4% from 0.2%.

Friday, May 20

April Existing Home Sales are due out at 10:00 a.m. EDT and are expected to rise to 5.38 million from 5.33 million.