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WHAT’S ON TAP

1 November 2009 by Cullen Roche 5 Comments

This will be a big week for the markets coming off last week’s losses.  The bulls will need to take back the reigns in order to keep the bull market alive.  This is another big week for earnings, but with the “better than expected” results largely priced into stocks investors are now focusing on the economic data as we begin see some cracks in the foundation of the recovery.   A two day Fed meeting begins on Tuesday.  It’s hard to imagine that they’ll say anything that surprises the market.

Monday –

Motor Vehicle Sale
ISM Mfg Index 10:00 AM ET

Construction Spending 10:00 AM ET

Pending Home Sales Index 10:00 AM ET

Tuesday –
FOMC Meeting Begins
ICSC-Goldman Store Sales 7:45 AM ET
Redbook 8:55 AM ET
Factory Orders 10:00 AM ET
Wednesday –
ADP Employment Report 8:15 AM ET
Treasury Refunding Announcement 9:00 AM ET
30-Yr Bond Announcement 9:00 AM ET
ISM Non-Mfg Index 10:00 AM ET
EIA Petroleum Status Report 10:30 AM ET
Thursday –
Chain Store Sales
Monster Employment Index
BOE Announcement 7:00 AM ET
ECB Announcement 7:45 AM ET
Jobless Claims 8:30 AM ET
Productivity and Costs 8:30 AM ET
Friday –
Timothy Geithner Speaks
Employment Situation 8:30 AM ET
Wholesale Trade 10:00 AM ET
Consumer Credit 3:00 PM ET
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Comments
  • Grant

    Has the CIT bankruptcy already been baked into the pie with the financials’ poor performance last week or will there be more fallout? It seems like counter parties have had ample time to plan for this, you would expect the damage to be minimized.

    11/01/2009 at 3:47 PM
    • Cullen Roche TPC

      I would assume it is largely priced in, but who knows with these things. I haven’t research how far this will impact small businesses so we could be staring at something worse than some assume.

      11/01/2009 at 4:56 PM
  • Grant

    This morning just reeks of a bull trap. Don’t know why but my gut says we are down a percent or more by 4 PM.

    11/02/2009 at 6:15 AM