This page has been archived and commenting is disabled.

Previewing Today's Busy Economic Agenda

Tyler Durden's picture




 

Lots of stuff happening today.

Here is a full rundown from GS:

8:30: Consumer Price Index (April): Firm core. CPI inflation likely decelerated in April on a decline in energy prices. We forecast an increase of just +0.05% (month-over-month) for the all-items index. In contrast, we expect another firm reading for the core CPI of +0.19%. Although we expect that apparel and new vehicle prices declined during the month, this was likely offset by stable rent inflation and faster price gains in used vehicles and a few other items.
CPI: GS: +0.05%; Consensus: Flat; Last +0.29%.
Core CPI: GS: +0.19%; Consensus: +0.2%; last +0.23%.

8:30: Retail sales (April): Below consensus. We forecast that retail sales declined slightly in April, given weak chain-store sales results, weather payback and flat vehicle sales during the month. The core (or "control") measure should increase modestly.
Total: GS: -0.1%; Consensus: +0.1%; Last: +0.8%.
Ex-autos: GS: -0.1%; Consensus: +0.2%; Last: +0.8%.
Ex-autos, gas & building materials: GS: +0.1%; Consensus: +0.3%; Last: +0.4%.

8:30: Empire State Index (May): Slightly better? The Empire State index will provide an early read on manufacturing activity in May. The consensus forecasts a small improvement to +9.0 from +6.6 previously.
Consensus: +9.0; Last +6.6.

9:00: TICS net inflows (March). Foreign inflows into long-term US securities slowed in February on lower net inflows into Treasuries. Net inflows into agency securities have been roughly steady, while inflows into equities have increased.
Consensus: +$33bn; last +$10bn.

9:30: Federal Reserve Governor Elizabeth Duke on "Prescriptions for Housing Recovery".

10:00: Business inventories (March). Not a market mover, but the report could have implications for revisions to Q1 GDP growth (originally reported at +2.2% annualized; now tracking +2.1%).
Consensus: +0.4%; last +0.6%.

10:00: Housing Market Index (May): Steady? The NAHB's homebuilder sentiment index lost some steam in April after generally improving figures over the preceding 6-9 months. The consensus looks for a rebound to 26 for May, but this would leave the index below its March level (28).
Consensus: 26; Last 25. MAP: 1

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 05/15/2012 - 08:10 | 2426260 Short Memories
Short Memories's picture

Maybe ZH have the inside info and it was a fizzer :(

<edit> or maybe that TD isn't out of bed yet :-D

Tue, 05/15/2012 - 08:02 | 2426247 Boilermaker
Boilermaker's picture

...and they're already goosing the futures in anticipation of some serious fraudulent bullshit data flowing out these reports.

Tue, 05/15/2012 - 08:06 | 2426252 fonzannoon
fonzannoon's picture

I just read Bill Gross talk down treasuries again. He made sense. I then read that he cut his treasury holdings down to 1/3 of his flagship funds portfolio....who the fk owns 1/3 of something that they constantly make passionate arguments against.

Jim Rogers says he is holding more dollars right now than ever. He then goes on to totally trash the dollar.

It hurts bad right now but I am sticking with Schiff. At least the guy puts his money where his mouth is.

Tue, 05/15/2012 - 08:12 | 2426266 Chris88
Chris88's picture

If you bothered to read more than the headlines you'd actually understand something.  Rogers says he is long the dollar because everyone else was betting against it; I was (and still am) long UUP for the same reason, not to mention 50% of the DXY is in the Euro which is going to falter far worse.  

Tue, 05/15/2012 - 08:11 | 2426263 1835jackson
1835jackson's picture

Step the fuck back and look at the big picture. We are all walking around buying Ipads with bits of paper that some asshole prints with the push of an ENTER key. Insanity.

Tue, 05/15/2012 - 08:43 | 2426355 disabledvet
disabledvet's picture

And his name is Bloomberg not Bernanke. Now keep staring at that little picture. You're doing JUST fine...

Tue, 05/15/2012 - 08:43 | 2426349 Monkeyfister
Monkeyfister's picture

So, the Bloomberg ticker says Retail Sales ^0.01%... Ex-Auto ^0.01%.

Meh.

Tue, 05/15/2012 - 09:00 | 2426398 gaoptimize
gaoptimize's picture

I voted "5" on this article because, while it lacks the sensationalism we have come to expect as our view of the abyss, and those slipping into it, has become clearer, it provides an important "heads up".

Tue, 05/15/2012 - 09:04 | 2426405 PaperBear
PaperBear's picture

TICS net OUTflows= 49BN - YIKES.

net outflow of $49.9bn made up of private outflows of $57.7 bn and official inflows of $7.8 bn.
Do NOT follow this link or you will be banned from the site!