The Week Ahead From November 28th to December 2nd

by Geoff Garbacz | 11/29/2022 7:24 AM

Major stock indexes rose modestly this past week.

Geopolitical and Fiscal Events. The latest Fed Beige Book is out on Wednesday. Watch our Twitter Feed (Bullet86) for Fed speaker announcements each day as they can change rapidly.

Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and S&P Case Shiller Home Price Index, Consumer Confidence, ADP Employment, GDP Q3 (second estimate), Chicago PMI, Pending Home Sales, Personal Income, PCE Prices - Core, ISM Manufacturing Index, Construction Spending, Nonfarm Payrolls and the Unemployment Rate.

Earning Releases. Notable releases this upcoming week include: ARW AZEK (Monday), INTU BNS (Tuesday), CRM RY (Wednesday), TD BMO (Thursday) and CBRL GCO (Friday).

Monday, November 28th

None of note.

Tuesday, November 29th

September S&P Case Schiller Home Price Index is due out at 9:00 a.m. EST and expected to come in at 10.7% from 13.1%.

November Consumer Confidence is due out at 10:00 a.m. EST and expected to fall to 100 from 102.5. Wednesday, November 30th

Q3 GDP (second estimate) is due out at 8:30 a.m. EST and is expected to rise to 2.7% from 2.6%.

November ADP Employment Report is due out at 8:15 a.m. EST and expected to fall to 200,000 from 239,000.

November Chicago PMI is due out at 9:45 a.m. EST and expected to rise to 47.5 from 45.2.

October Pending Home Sales are due out at 10:00 a.m. EST and are expected to improve to -5.2% from -10.2%.

Thursday, December 1st

October Personal Income is due out at 8:30 a.m. EST and expected to remain at 0.4%.

October PCE Prices - Core is due out also at 8:30 a.m. EST and expected to fall to 0.2% from 0.5%.

November ISM Manufacturing Index is due out at 10:00 a.m. EST and expected to fall to 49.8% from 50.2%.

October Construction Spending is also due out at 10:00 a.m. EST and expected to fall to -0.2% from 0.2%.

Friday, December 2nd

November Nonfarm Payrolls is due out at 8:30 a.m. EST and expected to come in at 200,000 from 261,000 and the unemployment rate is expected to stay at 3.7%.