The Week Ahead: Housing

This week in top-tier economic reporting is all about real estate: Housing starts on Tuesday at 8:30 a.m. New York time and existing home sales on Wednesday at 10 a.m.

Leading indicators (in descending order of importance):

The interest rate spread between 10-year Treasuries and the federal funds rate, reported continually during market hours.

The M2 money supply, at 4:30 p.m. Thursday.

The S&P 500 index, reported continually during market hours.

Average weekly initial claims for unemployment from the jobless claims report at 8:30 a.m. Thursday.

Building permits for new private homes from the housing starts report at 8:30 a.m. Tuesday.

A book from my library →

Events arranged by day:

Monday: The Home Builders' housing market index at 10 a.m.

Tuesday: Housing starts at 8:30 a.m.

Wednesday: Existing home sales at 10 a.m. and petroleum inventories at 10:30 a.m.

Thursday:  Jobless claims and the Philadelphia Fed business outlook survey for its district at 8:30 a.m. and the M2 money supply at 4:30 p.m.

Friday: The Purchasing Managers Institute manufacturing index flash report at 9:45 a.m.

I also keep an eye on the Baltic Dry Index, updated daily, and the 5-year implied inflation rate based on U.S. Treasury yields, which presently stands at 1.54%, down 0.03% from a week earlier.

Treasury Debt

Bills

• 4-week: Announcement Monday 11 a.m., auction Tuesday 11:30 a.m., settlement Thursday.
• 3-month: Auction Monday 11:30 a.m., announcement Thursday 11 a.m., settlement Thursday.
• 6-month: Auction Monday 11:30 a.m., announcement Thursday 11 a.m., settlement Thursday.
• 52-week: Announcement Thursday 11 a.m.

Notes

• 2-year: Announcement Thursday 11 a.m.
• 5-year: Announcement Thursday 11 a.m.
• 7-year: Announcement Thursday 11 a.m.

Bonds

• None.

TIPS

• 5-year: Auction Thursday 1 p.m.

Fedsters

Two members of the Federal Open Market Committee will take to the podium this week: New York Fed Pres. William Dudley and Boston Fed Pres. Eric Rosengen, both on Monday.

One FOMC alternate will speak: Minneapolis Fed Pres. Neel Kashkari on Monday.

Analytical universe

This week I shall be analyzing new trading signals from among 480 large-cap stocks and exchange-traded funds.

Good trading!

-- Tim Bovee, Portland, Oregon, April 17, 2016

References


Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.

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Disclaimer

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

License



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Based on a work at www.timbovee.com