Financial Roadmap: The Week Ahead February 23 to 27, 2009
The big economic news this week will be in the housing sector with reports on housing prices in major metropolitan areas Tuesday, existing home sales Wednesday and new home sales Thursday. Also Tuesday, the Conference Board will release the latest Consumer Confidence Index. With housing reports widely expected to bring more mixed news, a turnaround in consumer confidence could be best news of the week.
The weekly oil report should return to the spotlight as the tiny downward blip (200,000 barrels) in crude oil inventories in last week's report sparked a rebound in oil prices that moved crude futures back above the $40 mark. Though a drop of 15 to 20 million barrels is needed to put crude oil inventories back in a more normal range, there are plenty of loose dollars floating around looking for any cue to jump back in the oil market. Of course, a big drop in oil inventories and a spike in prices could quickly undue any positive impact of a potential improvement in consumer confidence.
|
Day / Date |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
|
Indicators |
none |
Weekly Redbook Retail Index
Case-Shiller Housing Price Index from S&P Consumer Confidence Index from the Conference Board |
January Existing Home Sales from the National Association of Realtors
Weekly Mortgage Applications Survey from the Mortgage Bankers Association Weekly Petroleum Inventory Report and This Week in Petroleum from the Energy Information Administration |
January Durable Goods Orders from the Commerce Department
January New Home Sales from the Commerce Department Weekly Jobless Claims report from the Employment and Training Administration Weekly Money Supply (M1 and M2) from the Federal Reserve Weekly Natural Gas Report from the Energy Information Administration |
4th Quarter Gross Domestic Product (GDP) from the Commerce Department |
|
Treasury Auctions and Announcements |
11 AM: 4-Week T-Bill Announcement
1 PM: 3-Month and 6- Month T-Bill Auctions |
1 PM: 4-Week T-Bill Auction
1 PM: 2-Year Note Auction |
1 PM: 5-Year Note Auction | 11 AM: 3-Month and 6-Month T-Bill Announcements | None |
*See more information on the Financial Roadmap series here. Earnings reports are companies of interest, NOT recommendations.
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