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Today's Economic Data Docket - TIC, Empire Index

Tyler Durden's picture


Monthly international capital flows for June, The Empire State index and homebuilder sentiment for August.
8:30: Empire Index (August): Further improvement? Given high uncertainty about the near-term outlook for the economy, this early read on August manufacturing activity could prove important. In July, the Empire State index edged up to -3.8 from -7.8 in June. Consensus forecasts expect another small gain this month, with the index reaching zero. The Philadelphia Fed’s manufacturing index will be released on Thursday.
Consensus: Flat; Last -3.8.
9:00: TICS net inflows (June). The June TIC data predate recent market volatility and therefore may be of limited value. In the first five months of the year, the TIC reports showed strong inflows into Treasuries and relatively weak inflows into agencies and corporate bonds.
Consensus: +$33bn; Last +$24bn.
10:00: Housing Market Index (August): Likely still low.This index remains in the mid teens, where it has been for most of the past three years. This month, the median forecast is for an unchanged reading of 15.
Consensus: 15; Last 15. MAP: 1

11:00: Treasury will announce a $35.0 billion 4-week bill and a possible $25.0 billion regular CMB.

11:30: Treasury will auction a combined $56.0 billion 3- and 6-month bills.
13:25: Atlanta Fed President Dennis Lockhart on the economy.

From Goldman, SMRA and Zero Hedge


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Mon, 08/15/2011 - 08:20 | 1561031 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

It's like a never ending nightmare...

... can't we all just go outside and play?

Mon, 08/15/2011 - 08:33 | 1561063 PaperBear
PaperBear's picture

Another big miss on the Empire Index, -7.72 when 0 was expected by the Wall Street chumps.

Who listens to these people any more ?

Mon, 08/15/2011 - 08:35 | 1561065 Durgesh Sakhardande
Durgesh Sakhardande's picture

Watch out bellow ... were the words of few traders on the new york stock exchange floor if the Empire Index missed the estimates

Mon, 08/15/2011 - 08:40 | 1561077 MoneyWise
MoneyWise's picture

Below? I don't think so, GOLD muted (under pressure), EURUSD going up,

should be the other way around in your case.

Mon, 08/15/2011 - 08:43 | 1561088 Durgesh Sakhardande
Durgesh Sakhardande's picture

I wish so... Gold just corrected a bit because of the CME margin requirements increase ... EUR/USD not showing significant moves as money flowing in Yen ... I really wish the market shrugs off these numbers but they are one of the leading indicators of economic cycle

Mon, 08/15/2011 - 08:54 | 1561125 MoneyWise
MoneyWise's picture

EURUSD moving alright more than 100 pips in the short order.

Mon, 08/15/2011 - 08:43 | 1561086 virgilcaine
virgilcaine's picture

slow humid trading, think i go to  the beach this week.

Mon, 08/15/2011 - 08:46 | 1561094 Durgesh Sakhardande
Durgesh Sakhardande's picture

nasdaq hits red the premarket

Mon, 08/15/2011 - 08:57 | 1561137 MoneyWise
MoneyWise's picture

Strangely GOLD doing nothing, while US Dollar been hit across the board.

Mon, 08/15/2011 - 09:43 | 1561250 virgilcaine
virgilcaine's picture

you want to sell/short the rallies.. the mkt is cooked ...'equities'  This raly is so the fed can 'punt at JH.

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