So it’s been a rainy day here in New York. I went on the interwebs to see what the upcoming week’s weather looked like. This:
That’s not an hour by hour forecast for one rainy day. That’s the next ten days. Disgusting.
As long as we’re looking ahead, here’s some of what’s coming up in the markets:
Housing news includes existing home sales Thursday, housing starts Tuesday and the National Association of Home Builders survey Monday. Other economic reports this week include the Empire State Survey Monday and the Philadelphia Fed survey Thursday. Industrial production is released Tuesday, and leading indicators are Thursday.
The Treasury issues data on international capital flows Monday, and the Fed releases the minutes of its last meeting Wednesday, with its economic projections.
Fed chairman Ben Bernanke gives the keynote at a Washington conference on New Building Blocks for Jobs and Economic Growth: Intangible Assets as Sources of Increased Productivity and Enterprise Value at Georgetown University Monday morning.
The Senate votes on ending tax breaks for the oil industry Wednesday, and NOAA will issue the outlook for the hurricane season Thursday. Oil inventory data Wednesdays morning at 10:30 a.m. will be closely watched after the past week’s rise in gasoline supplies.
Here are some earnings this week:
Monday- J.C. Penney
Tuesday- Wal-Mart, Dell, Home Depot, TJX
Wednesday- Hewlett Packard, Target, Deere
Stay dry.