Tom Hanna's Lifestream

After last week's bad labor market reports and big job loss numbers Friday, Monday will kick off with a bang with the Conference Board's release of the Employment Trends Index. Various other factors led to a rally in spite of the bad employment report Friday – we'll see if that holds on Monday or if profit taking sets in on the reminder of bad news as the only major indicator of the day. With Veteran's Day Tuesday, the next major indicators aren't due out until Thursday when the big event will be the foreign trade statistics from the Commerce Department. Though exports have been a bright spot in the US economy this year, the worldwide spread of recession is likely to take a toll. The dropping trade deficit was one sign that the US was heading into an economic slowdown; unfortunately that's likely to reverse course without indicating the opposite.
Retail sales are due out Friday and expected to show a decline of about 1%. With gas prices down, relative calm in the stock market compared to September and the retailers starting holiday sales early, there is room for a positive surprise, though serious problems in consumer confidence leave open the possibility that things could be even worse than expected.

Day / Date





Monday





Tuesday





Wednesday





Thursday





Friday







Indicators

US Employment Trends Index from the Conference Board

Leading Index for Spain from the Conference Board

Leading Index for Korea from the Conference Board Weekly Redbook Retail Index Weekly Mortgage Applications Survey from the Mortgage Bankers Association

September International Trade from the Commerce Department October Budget from the Treasury Department November CASH Index from RBC Weekly Jobless Claims report from the Employment and Training Administration Weekly Money Supply (M1 and M2) from the Federal Reserve Weekly Petroleum Inventory Report and This Week in Petroleum from the Energy Information Administration

September Business Inventories from the Commerce Department October Retail Sales from the Commerce Department October Import/Export Price Indexes from the Bureau of Labor Statistics November Consumer Sentiment from The University of Michigan's Consumer Survey Center Weekly Natural Gas Report from the Energy Information Administration

Treasury Auctions and Announcements

11 AM: 4-Week T-Bill Announcement 10:30 AM: 3-Month and 6- Month T-Bill Auctions and 3-Year Note Auction

federal holiday

1 PM: 4-Week T-Bill Auction and 10-year Note Auction

11 AM: 3-Month and 6-Month T-Bill and 52-Week T-Bill Announcements 1 PM: 30-Year Treasury Bond Auction

*See more information on the Financial Roadmap series here. Earnings reports are companies of interest, NOT recommendations.

You're reading a post from Financial Options, hopefully in your feed reader and not on a scraper site. Click through for the original and more like it. Financial Roadmap: The Week Ahead November 10 to 14, 2008