To The Moon

Economic Calendar

Economic Calendar starting 28Nov22

Some updates to look out for:

• China’s PMI. This will be an indicator of global production in response to demand.
• CB Consumer Confidence. If this falls below the forecast, this would represent how the consumers have incorporated recession expectations into their spending.
• Pending Home Sales (MoM, Oct). This is a barometer of the housing market that has been affected by mortgage rate increases. Though there was some relief as mortgage retreated from its recent high of over 7%, the current rates remain heightened.
• ADP Nonfarm Employment Change (Nov), JOLTs Job Openings (Oct), Initial Jobless Claims, Unemployment Rate (Nov) & Nonfarm payrolls (Nov). These are important data points that the Fed will need to incorporate before deciding on the next interest rate hike. While some have anticipated a Fed pivot, it is still possible that the Fed maintain a 75 basis points rate hike.
• Crude Oil inventories. This is a forward indicator of production in anticipation of demand.

All these will piece together an outlook although there are other items that we need to look into to get a better macro picture.

@TigerStars

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