Weekly Call With Jose de Haro: Market Wrap October 2nd 2016

There are several key economic reports this week beginning with the manufacturing ISM and construction spending reports on Monday. We will also get september unit motor vehicle sales, which will be released throughout the day. Wednesday’s ADP employment report along with the non-manufacturing ISM will anchor market expectations for Friday’s September employment report. Additionally, the international trade and factory orders data on Wednesday and wholesale inventories (Friday) will provide more color on Q3 GDP. On balance, this week’s data to corroborate what could be seen as another weak quarter of economic activity.  Economists from Deutsche Bank estimate a full year real GDP growth of just 1.3%.

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