This week was dull in terms of economic data, but exciting in terms of earnings data. The economic data this week was not very good. Most of the trends that we hoped were emerging, after the data the last few weeks began showing a possible recovery in areas, such as first time unemployment claims, manufacturing index, etc, have taken a turn down again with this weeks data. Having said this, companies like Google, American Express, Apple, Intel, Black and Decker, JetBlue, and others surprised us with their much better then expected earnings for the 1st quarter of 2009. What is in store for next week? Well, there are still a lot of earnings reports coming, especially in Health care and Biotech. Then you have this laundry list of economic data releases throughout the week, which may shed further light on the general economy.
Date Time (ET) Statistic
- Apr 28 9:00 AM Consumer Confidence
- Apr 28 10:00 AM S&P/CaseShiller Home Price Index
- Apr 29 8:30 AM GDP-Adv.
- Apr 29 8:30 AM Chain Deflator-Adv.
- Apr 29 10:35 AM Crude Inventories
- Apr 29 2:15 PM FOMC Rate Decision
- Apr 30 8:30 AM Initial Claims
- Apr 30 8:30 AM Personal Income
- Apr 30 8:30 AM Personal Spending
- Apr 30 8:30 AM Employment Cost Index
- Apr 30 9:45 AM Chicago PMI
- May 1 9:55 AM Mich Sentiment-Rev
- May 1 10:00 AM Factory Orders
- May 1 10:00 AM ISM Index
- May 1 2:00 PM Auto Sales
- May 1 2:00 PM Truck Sales
Friday, April 24, 2009
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