This Index Has Wall Street’s Attention
Mar 10th, 2008 | By Rick Pendergraft | Category: Politics & EconomicsAfter two incredibly busy weeks for economic reports, this week slows. But only a little. The two biggest reports for the week will be retail sales for February and the Consumer Price Index for February.
The retail sales report is expected to show slight growth of only 0.1 percent. This is after an increase of only 0.3 percent in January. I have mentioned how I don’t think the economy rebounds until housing rebounds, but the second area that needs to show some growth is retail.
The Consumer Price Index for February is due to be released on Friday and you can bet it will get the attention of Wall Street. With everyone starting to focus on the possibility of stagflation, the inflation numbers become just as important as the economic growth. Analysts expect a moderate increase of 0.3 percent for February after an increase of 0.4 percent in January.
| Date | Time (ET) | Statistic | For | Market Expects | Prior |
| 10-Mar | 10:00 AM | Wholesale Inventories | Jan | 0.50% | 1.10% |
| 11-Mar | 8:30 AM | Trade Balance | Jan | -$59.5B | -$58.8B |
| 12-Mar | 2:00 PM | Treasury Budget | Feb | -$140.0B | -$120.0B |
| 13-Mar | 8:30 AM | Retail Sales | Feb | 0.10% | 0.30% |
| 13-Mar | 8:30 AM | Retail Sales ex-auto | Feb | 0.20% | 0.30% |
| 13-Mar | 10:00 AM | Business Inventories | Jan | 0.30% | 0.60% |
| 14-Mar | 8:30 AM | CPI | Feb | 0.30% | 0.40% |
| 14-Mar | 8:30 AM | Core CPI | Feb | 0.20% | 0.30% |
| 14-Mar | 10:00 AM | Mich Sentiment-Prel. | Mar | 70.5 | 70.8 |
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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.
