The third chalenge is a flurry of US macroeconomic economic data, from November housing starts (Wednesday), to Q3 GDP, November existing home sales and leading economic indicators (Thursday), and November personal income and consumption (Friday) macroeconomic data have become increasingly important as they provide the clues on the effectiveness of QE and the next Fed move.
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Veteran market watcher Jim Stack, editor of Investech Research is bullish on stocks, and recent data from the Economic Cycle Research Institute showing leading economic indicators at their highest level in more than 20 years reaffirms his outlook.
U.S. economic data due for release Friday is light and includes the leading economic indicators index.
U.S. economic data due for release Friday includes the consumer price index and leading economic indicators.
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U.S. economic data due for release Thursday includes the weekly jobless claims report, leading economic indicators and the U.S. house price index.
U.S. economic data due for release Thursday includes the weekly jobless claims report, leading economic indicators, and the Philadelphia Fed business outlook survey.
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U.S. economic data due for release Thursday includes the weekly jobless claims report, leading economic indicators index and the Philadelphia Fed business survey.
The market plunge highlighted complaints about the possible inaccuracy of Beijing's official data and the intense, possibly excessive importance traders attach to a handful of Chinese economic indicators.
U.S. economic data due for release Thursday includes the weekly jobless claims report, existing home sales, leading economic indicators and the Philadelphia Fed business survey.
U.S. economic data due for release Thursday includes the weekly jobless claims report, leading economic indicators, existing home sales and the Philadelphia Fed business outlook survey.
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