Tom Hanna's Lifestream

The week ahead could be a rough one on a number of fronts. Higher energy prices, likely down news on housing and not much positive on the horizon to offset the negatives. The oil bubble was broken last year when it became obvious that US domestic drilling, specifically offshore drilling, for oil and natural gas would increase. Friday's federal court ruling putting increased drilling on hold will put serious upward pressure on oil prices, with serious negative consequences for consumer confidence, spending, housing and many other markets. The bright spots are likely to be in the Leading Index, which has some potential to stabilize, and the State Street Investor Confidence Index, which likely improved. Existing home sales due out Thursday and new home sales due out Friday are likely to cast more of a pall over markets as uncertainty in March likely had a similar effect as on retail sales, causing a drop after February's good reports.

Day / Date





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Indicators

Leading Index from the Conference Board

Leading Index for Germany from the Conference Board Investor Confidence Index from the State Street Associates Weekly Redbook Retail Index

Leading Index for France from the Conference Board Weekly Mortgage Applications Survey from the Mortgage Bankers Association Weekly Petroleum Inventory Report and This Week in Petroleum from the Energy Information Administration

Existing Home Sales from the National Association of Realtors Weekly Jobless Claims report from the Employment and Training Administration Weekly Money Supply (M1 and M2) from the Federal Reserve Weekly Natural Gas Report from the Energy Information Administration

Durable Goods Orders from the Commerce Department New Home Sales from the Commerce Department

Treasury Auctions and Announcements

11 AM: 4-Week T-Bill Announcement 11 AM: 5-Year Treasury Inflation Protected Securities (TIPS) announcement 1 PM: 3-Month and 6- Month T-Bill Auctions

1 PM: 4-Week T-Bill Auction

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11 AM: 3-Month and 6-Month T-Bill Announcements 11 AM: 2-Year and 5-Year note Announcement 1 PM: 5- Year TIPS Auction

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

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