The Week Ahead For November 15th to 19th
The S&P 500, NASDAQ 100, Russell 2000 and Dow Jones Industrial Average were all lower for the first time in five weeks.
1.Geopolitical and Fiscal Events. The games continue in Washington D.C. as the House, Senate and President try to hammer out the Budget Reconciliation Bill. Soon the debt ceiling will be front and center with a new drop dead date.
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 Empire State Manufacturing Index, retail sales, industrial production, NAHB Housing Market Index, housing starts, Philadelphia Fed Index and leading indicators.
3.Earnings Releases. Notable releases this upcoming week include LCID TSN WMT HD NVDA CSCO BABA INTU FL KSS.
Monday, November 15th
November Empire State Manufacturing is due out at 8:30 a.m. EDT and is expected to rise to 20.3 from 19.8. Tuesday, November 16th
October Retail Sales are due out at 8:30 a.m. EDT and is expected to rise to 1.2% from 0.7%.
October Industrial Production is due out at 9:15 a.m. EDT and is expected to rise to 0.8% from -1.3%.
November NAHB Housing Market Index is due out at 10:00 a.m. EDT and is expected to remain at 80. Wednesday, November 17th
October Housing Starts are due out at 8:30 a.m. EDT and are expected to rise to 1,590,000 from 1,555,000. Thursday, November 18th
November Philadelphia Fed Index is due out at 8:30 a.m. EDT and is expected to fall to 22 from 23.8.
October Leading Indicators are due out at 10:00 a.m. EDT and are expected to rise to 0.8% from 0.2% Friday, November 19th