Economic Calendar and Earnings Expected this Week.

Tuesday will be a big day for earnings for us, as a lot of the regular stocks we cover will be reporting before and after the close so I will spend Monday and Tuesday focusing on these charts.

Weds: we have CPI, which is very important, any increase in CPI will throw a spanner in the works and the market will likely not react well to the uncertainty that it brings.....Druckenmiller and PTJ have already warned of this

Thurs: PPI, it is an important measure that the FED uses to measure the real rate of inflation, so the market will also be keen to see how this is trending.

The last 2 weeks were certainly busy, this should be a little cooler, as long as CPI does not upset the party on Weds.

Monday, November 11

• Veterans Day: Federal holiday; bond markets closed, stock markets open.

Tuesday, November 12, 2024:

• 5:00 PM: 15-Year Mortgage Rate

• 5:00 PM: 30-Year Mortgage Rate

• 9:30 PM: API Crude Oil Stock Change

Wednesday, November 13

• 8:30 AM ET: Consumer Price Index (CPI) for October.

• 9:30 AM ET: New York Fed President John Williams delivers welcoming remarks.

• 2:00 PM ET: Monthly U.S. federal budget for October.

  Thursday, November 14, 2024:

  1:30 PM: Producer Price Index (PPI) data

  • PPI MoM (Previous: 0%)

  • Core PPI MoM (Previous: 0.2%)

  • PPI YoY (Previous: 1.8%)

  • Core PPI YoY (Previous: 2.8%)

  • PPI Ex Food, Energy and Trade MoM (Previous: 0.1%)

  • PPI Ex Food, Energy and Trade YoY (Previous: 3.2%)

• 1:30 PM: Initial Jobless Claims

• 1:30 PM: Continuing Jobless Claims

• 3:30 PM: EIA Natural Gas Stocks Change

• 4:00 PM: EIA Crude Oil Stocks Change

• 4:00 PM: EIA Gasoline Stocks Change

Friday, November 15, 2024:

• 1:30 PM: Import Prices YoY (Previous: -0.1%)

• 1:30 PM: Retail Sales Ex Gas/Autos MoM (Previous: 0.7%)

• 1:30 PM: Retail Sales YoY (Previous: 1.7%)

• 2:15 PM: Industrial Production data

  • Industrial Production MoM (Previous: -0.3%)

  • Capacity Utilization (Previous: 77.5%)

  • Manufacturing Production MoM (Previous: -0.4%)

  • Manufacturing Production YoY (Previous: -0.5%)

• 3:00 PM: Business Inventories MoM (Previous: 0.3%, Forecast: 0.2%)2