jobs and GDP week. I wouldn't be surprised if the media is telling people to the end of the week. This is the week I was talking about a few posts back. I expected some bounce but it was going to be short lived against all the jobs numbers and GDP. My guess is the numbers will look bad and drive the markets deeper. ( unless there are some surprise revisions to last months or quarters numbers ;-) )
Jul 29 10:00 AM Consumer Confidence Jul - 50.0 50.0 50.4 - Jul 30 8:15 AM ADP Employment Jul - - -60K -79K - Jul 30 10:35 AM Crude Inventories 07/26 - NA NA -1558K - Jul 31 8:30 AM Chain Deflator-Adv. Q2 - 2.7% 2.3% 2.7% - Jul 31 8:30 AM Employment Cost Index Q2 - 0.7% 0.7% 0.7% - Jul 31 8:30 AM GDP-Adv. Q2 - 2.8% 2.3% 1.0% - Jul 31 8:30 AM Initial Claims 07/26 - 380K 395K 406K - Jul 31 9:45 AM Chicago PMI Jul - 50.1 49.0 49.6 - Aug 1 12:00 AM Auto Sales Jul - 5.0M NA 4.9M - Aug 1 12:00 AM Truck Sales Jul - 5.0M NA 5.0M - Aug 1 8:30 AM Average Workweek Jul - 33.8 33.7 33.7 - Aug 1 8:30 AM Hourly Earnings Jul - 0.3% 0.3% 0.3% - Aug 1 8:30 AM Nonfarm Payrolls Jul - -55K -75K -62K - Aug 1 8:30 AM Unemployment Rate Jul - 5.5% 5.6% 5.5% - Aug 1 10:00 AM Construction Spending Jun - -0.2% -0.3% -0.4% - Aug 1 10:00 AM ISM Index Jul - 50.5 49.2 50.2 -
Fed statement next week so that might pop the markets to the upside. Might be a good opportunity to by the end of the week or Monday next week