The schedule for the week of January 7th includes:
Monday: Treasury STRIPS
Tuesday: NFIB Small Business Optimism Index, ICSC-Goldman Store Sales, and Consumer Credit
Wednesday: MBA Purchase Applications
Thursday: Jobless Claims, Wholesale Trade, Fed Balance Sheet, Esther George, James Bullard, and Narayana Kocherlakota speak
Friday: International Trade, Import and Export Prices, Treasury Budget, and Charles Plosser Speaks
I spoke with Benedict Willis III, Managing Director of Albert Fried & Company, LLC., and frequent commentator on Bloomberg, CNBC, and FOX Business, about the economic calendar for next week. Willis is focused on the overall market, 4th quarter GDP, 4th quarter earnings, and weekly jobless claims.
Willis expects a rally in the equity markets, since Congress reached a deal on the fiscal cliff negotiations. He thinks the tape was expecting...
Stocks rose today, with the S&P 500 near a 5 year high following jobs numbers that indicated the economy is healing and the Federal Reserve’s stimulus will continue. The US added jobs in December and the jobless rate held at 7.8%. Investors moved cash from fixed income securities to equities. The VIX Index closed down 0.77 to 13.79 and the Dow closed up 43.85 to 13,435.21.
The U.S. added 155,000 positions in December and the jobless rate held at 7.8 percent. Economists had been expecting a slightly better result. December’s number was almost exactly in line with the overall jobs picture for 2012 which had an average of 153,000 per month.
ISM Non-Manufacturing report rose to 56.1 last month from 54.7 in November. December was the highest since February and was well above economists' forecasts of 54.2. A reading above 50 indicates expansion in the sector. Factory orders came in flat while economists...
Bloomberg Radio Host Tom Keene and Reporter Charlie Pellett will ring the NYSE Closing Bell in honor of Bloomberg Radio’s 20th anniversary.
About Bloomberg Radio
Bloomberg Radio, the 24-hour, business radio station, celebrates its 20th anniversary on January 4, 2013. Radio host Bloomberg 1130 (WBBR-AM) can be heard throughout the New York, New Jersey and Connecticut areas. WBBR is the flagship radio station of Bloomberg Radio, which syndicates reports to more than 250 radio stations worldwide. Bloomberg Radio can also be heard nationwide on Sirius/XM Channel 113.
Major General Charles L. Carr, Jr., National Commander and CEO of the Civil Air Patrol and Major General Amy S. Courter, President of the International Air Cadet Exchange Association will ring the NYSE Opening Bell.
About Civil Air Patrol (CAP)
CAP serves America by developing the nation's youth; performing local, state and national missions; and informing citizens about the importance of aerospace education. In December 1941, one week before the Japanese attack on Pearl Harbor, Civil Air Patrol was founded by more than 150,000 citizens who were concerned about the defense of America’s coastline. Under the jurisdiction of the Army Air Forces, CAP pilots flew more than 500,000 hours, were credited with sinking two enemy submarines and rescued hundreds of crash survivors during World War II. On July 1, 1946,...