Fed Minutes Highlight the Week
Apr 7th, 2008 | By Rick Pendergraft | Category: Politics & EconomicsAfter two busy weeks for economic reports, we get a little breather this week. Well sort of. Earnings season officially kicks off this week with Alcoa reporting earnings later today.
While there aren’t that many big names reporting this week, it will still be cause for more volatility. The only major names besides Alcoa are Genentech (DNA) and General Electric (GE).
The minutes from the FOMC meeting last month will be released tomorrow. Each time the minutes are released, they are gone over with a fine-toothed comb as traders look for any kind of indication for the next meeting.
The other reports that will get some attention are the import and export prices for March. With inflation being the second biggest concern behind economic growth, these two reports will give us a little look ahead to next week’s PPI and CPI numbers.
The weekly jobless claims report will get more attention than usual this week after last week’s report spiked to the highest level in three years. This report comes out on Thursday morning at 8:30 AM eastern time every week.
|
Date |
Time (ET) |
Statistic |
For |
Market Expects |
Prior |
|
7-Apr |
3:00 PM |
Consumer Credit |
Feb |
$6.0B |
$6.9B |
|
8-Apr |
10:00 AM |
Pending Home Sales |
Feb |
-0.50% |
0.00% |
|
8-Apr |
2:00 PM |
FOMC Minutes |
18-Mar |
- |
- |
|
9-Apr |
10:00 AM |
Wholesale Inventories |
Feb |
0.50% |
1.00% |
|
10-Apr |
8:30 AM |
Trade Balance |
Feb |
-$57.4B |
-$58.2B |
|
10-Apr |
2:00 PM |
Treasury Budget |
Mar |
-$80.0B |
-$96.3B |
|
11-Apr |
8:30 AM |
Export Prices ex-ag. |
Mar |
NA |
0.50% |
|
11-Apr |
8:30 AM |
Import Prices ex-oil |
Mar |
NA |
0.60% |
|
11-Apr |
10:00 AM |
Mich Sentiment-Prel. |
Apr |
69.4 |
69.5 |
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Rick is currently the Editor-in-Chief of The ETF Options Trader and the Triple Wave Investor. At the age of 23, on the third options trade he had ever placed, Rick turned $1,800 into $22,000 in less than a week, when the company he bought became the target of a takeover. He admits it was a stroke of luck, but it was a memorable education as to the leverage that options can provide. He lives near Delray Beach, FL with his wife and three children.
