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Modest Pressure, Light Data
Modest Pressure, Light Data
From summertime Monday to summertime Tuesday... Yesterday's modest strength is now erased by today's modest weakness. In both cases, the movement is too small to worry about obvious catalysts, though some may assume that there's an oil price component following Iran's attacks on commercial ships in The Strait. A separate consideration would be Amazon filing for a potentially large why do we care?). But even if these things are moving markets, they're not very good at it. The same can be said for essentially all of the line items on the econ calendar today.
Uneventful Summertime Monday
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Jul 07 | |||||
| 8:15AM | ADP Employment Change Weekly | 21.0K | 30.75K | ||
| 8:30AM | May Trade Gap (bl) | May | $-77.6B | $-78.5B | $-55.9B |
| 9:20AM | NY Fed Bill Purchases 4 to 12 months (%) | $3.319 billion | |||
| 10:00AM | Jul IBD economic optimism | Jul | 45.5 | 45 | 42.5 |
| 11:00AM | Jun Consumer Inflation Expectations | Jun | 3.7% | 3.5% | |
| 11:30AM | 6-Week Bill Auction (%) | 3.635% | 3.655% | ||
| 1:00PM | 3-Yr Note Auction (bl) | 58 | |||
| Wednesday, Jul 08 | |||||
| 7:00AM | Jul/03 Mortgage Market Index | Jul/03 | 272.2 | ||
| 7:00AM | Jul/03 MBA Refi Index | Jul/03 | 828.7 | ||
| 7:00AM | Jul/03 MBA Purchase Index | Jul/03 | 170.6 | ||
| 10:30AM | Jul/03 Crude Oil Inventory (ml) | Jul/03 | -3.775M | ||
| 1:00PM | 10-yr Note Auction (bl) | 39 | |||
| 2:00PM | FOMC Minutes | ||||
| 3:00PM | May Consumer credit (bl) | May | $17.1B | $20.73B | |
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