To The Moon

Economic Calendar Economic Calendar starting 17 Oct 2022. Here are some important considerations in lieu of the coming economic calendar: China's GDP is important as it reflect the status of the global recovery. Thus, the outlook of China's GDP can be taken as a view of the global recovery. If China's outlook turns bearish, this can be a preview of the global market especially with China being the global factory. Building permits (Sep) - may turn negative due to the falling housing sentiments. Crude oil inventories - can be seen as a forward indicator of market demand. The producer's consumption of oil inventories is based on their "anticipated" demand. Should the consumption be lesser than expected, it is a bearish indicator for the coming consumotion. Initial Jobless claims - this is a "forward" indicator for recession and thus, it is something that we should pay attention to. This data point will add to Fed's interest rate hike considerations. Philadelphia Fed Manufacturing Index (Oct). From investing dot com below: The Philadelphia Federal Reserve Manufacturing Index rates the relative level of general business conditions in Philadelphia. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district. @TigerStars