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Fairly Calm Monday. Jobs Report on Deck
Fairly Calm Monday. Jobs Report on Deck
Monday ended up being a forgettable December trading day with modest overnight gains eroding to roughly unchanged levels by the 3pm close. There were no catalysts worth discussing, and even if there were, they'd pale in comparison to the inbound econ data. Tuesday morning brings the first post-shutdown jobs report, albeit a week and a half later than normal. With payrolls counts not carrying as much weight as they used to, don't be surprised to see an increased focus on the unemployment rate. While some of the full-fledged reaction could be held back until traders get Thursday's CPI data, the jobs report nonetheless could be the heaviest hitting report we've seen in several months. Then again, its ability to cause volume/volatility are heavily dependent on how far it falls from forecasts.
Fairly Calm Monday. Jobs Report on Deck
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, Dec 15 | |||||
| 12:00AM | Roll Date - UMBS 15YR, Ginnie Mae 15YR | ||||
| 8:30AM | Dec NY Fed Manufacturing | Dec | -3.90 | 10 | 18.70 |
| 9:30AM | Fed Miran Speech | ||||
| 10:00AM | Dec NAHB housing market indx | Dec | 39 | 38 | 38 |
| 10:30AM | Fed Williams Speech | ||||
| 12:00PM | NOPA Crush Report (%) | ||||
| Tuesday, Dec 16 | |||||
| 8:15AM | ADP Employment Change Weekly | 4.75K | |||
| 8:30AM | Sep Housing starts number mm (ml) | Sep | 1.32M | 1.307M | |
| 8:30AM | Oct Average earnings mm (%) | Oct | 0.3% | 0.2% | |
| 8:30AM | Oct Non Farm Payrolls (k) | Oct | 51K | 119K | |
| 8:30AM | Oct Retail Sales (%) | Oct | 0.2% | 0.2% | |
| 8:30AM | Oct Retail Sales Control Group MoM | Oct | 0.4% | -0.1% | |
| 8:30AM | Oct Housing starts number mm (ml) | Oct | |||
| 8:30AM | Nov Average earnings mm (%) | Nov | 0.2% | ||
| 8:30AM | Nov Participation Rate | Nov | 62.4% | ||
| 8:30AM | Nov Non Farm Payrolls (k) | Nov | 40K | 119K | |
| 8:30AM | Nov Unemployment rate mm (%) | Nov | 4.4% | 4.4% | |
| 8:30AM | Nov Housing starts number mm (ml) | Nov | |||
| 9:45AM | Dec S&P Global Composite PMI | Dec | 54.2 | ||
| 9:45AM | Dec S&P Global Manuf. PMI | Dec | 52 | 52.2 | |
| 9:45AM | Dec S&P Global Services PMI | Dec | 54.1 | 54.1 | |
| 10:00AM | Sep Business Inventories (% ) | Sep | 0.2% | 0% | |
| 7:00PM | International Monetary Market (IMM) Date (%) | ||||
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