Look @ the week ahead for Wall Street - What are your thoughts?
This does relate astrologically because if you look deep enough, for instance, at planetary aspects that last for a long time, especially relative to
money, the world altogether, and wealth, greed, etc.
What planets would those be? I'd rather set a tone for a discussion rather than put in my input just yet.
| Quote: | Tuesday:
The July Consumer Credit report from the Federal Reserve is due in the afternoon. Credit is expected to have fallen for the sixth consecutive month as
the recession continues to nip borrowing. Credit likely dipped a seasonally adjusted $4 billion after falling $10.3 billion in June, according to a
Briefing.com survey of economists.
Wednesday:
The weekly crude oil inventories report is due in the morning, from the Energy Information Administration.
In the afternoon, the Federal Reserve releases its periodic "beige book" survey of the economy, which tracks 12 districts.
The stream of reports showing improvements in housing and manufacturing and continued weakness in the labor market have given investors a picture of
the economy in the first half of the third quarter. But the beige book will put that in a broader perspective.
Apple (AAPL, Fortune 500) is expected to introduce iPod Nano and iPod Touch models that include digital cameras, as well as other new updates, at its
media event Wednesday. Apple watchers are also eager to see if CEO Steve Jobs will make an appearance now that he is back to work after a six-month
medical leave.
Thursday:
The July trade gap from the Commerce Department is expected to hold steady at $27 billion. Last month, imports rose for the first time in nearly a
year due to higher oil prices, but that was partially offset by stronger global demand for U.S. goods and services. Investors will be looking to see
if the trend continues this month.
Also in the morning, the Labor Department releases the weekly jobless claims report. Approximately 556,000 Americans are expected to have filed new
claims for unemployment in the previous week versus 570,000 in the previous week.
Continuing claims, a measure of those receiving benefits for a week or more, are expected to continue to rise from the 6.234 million level hit last
week.
RealtyTrac releases its monthly report on foreclosures.
Treasury Secretary Timothy Geithner speaks before the Congressional Oversight Panel.
Friday:
The initial reading on consumer sentiment from the University of Michigan is due shortly after the start of trading. The index is expected to have
risen to 67.3 in September from 65.7 in August.
The Commerce Department is expected to report a drop in wholesale inventories for the 11th straight month, when the July report is released in the
morning. Stocks at U.S. wholesalers likely fell 1% in July, according to forecasts, after falling 1.7% in June.
August import and export prices are also due in the morning, while the August Treasury budget is due in the afternoon. |
|
