Monday 27

Existing Home Sales-consensus 5.70M..... Year to year this number has dropped 11.4% and housing supply at 8.8 months.  June sales were down 3.8%.

3 & 6 Month Bill Auction 

Tuesday 28

ICSC-USB Store Sales  Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales.  Is considered to be one of the most timely indicators of consumer spending.

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales.  This measure tracks weekly sales from discounters, chain and department stores.

Consumer Confidence -Consensus 105

FOMC Minutes 

4 Week Bill Auction & 20 Year Tips Auction

Wednesday 29

MBA Purchase Applications measures applications at mortgage lenders.  This is considered a leading indicator for single family home sales and housing construction.

EIA Petroleum Status Report reports on crude oil inventories in the U.S. 

2 Year Note Auction 

Thursday 30

GDP Consensus 4.0%

Corporate Profits 

Jobless Claims Unemployment claims.  Consensus 320K

Help Wanted Index  

EIA Natural Gas Report-Tracks natural gas inventories.

3 and 6 month Treasury Bill Announcement Investors use this data to attempt to predict future Federal Reserve policy.

5 Year Auction 

Money Supply

Friday 31

Federal Reserve Chairman Ben Bernanke speaks at the Federal Reserve Bank of Kansas City Economic Symposium at Jackson Hole, Wyo .

Personal Income Outlays-Consensus .3% Consumer spending Consensus is .4% Another measure to gauge consumer spending power.

NAPM-Chicago-Consensus 53-Business conditions in the Chicago area, another measure of economic growth.

Farm Prices

Consumer Sentiment Consensus 82.5

Factory Orders Consensus 3.2%

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