This week’s highlight is Tuesday’s US Presidential and Congressional election. Other than that it is a relatively quiet, holiday-shortened trading week. The bond market is closed on Friday in observance of Veterans’ Day but the equity market is open. The data that we do get are highly unlikely to be market moving, partly because we do not expect them to provide us with much new information on the state of the economy.
Consumer credit data for September are released on Monday afternoon. On Tuesday morning, the September Job Openings and Labor Turnover Survey (JOLTS) is released. The two key series to pay attention to in the JOLTS report are the quits and hiring rates.
Wednesday morning brings the September wholesale inventories figures, which are expected to show further weakness
Other than Thursday’s weekly initial jobless claims data, the only other economic release next week is preliminary November consumer sentiment from the University of Michigan.
While this week´s economic data is secondary, the Presidential and Congressional elections will be the key event for markets and the future of the US economy, so go out and vote next Tuesday.
In the meantime, thanks for listening to us and have an amazing week. And remember you can access this podcast on iTunes, Google Play, SoundCloud and weeklycallwithjoseharo.com.