One very useful Bloomberg function is the “Economic Calendar.†We can see months in advance exactly what market-moving data is due out each day.
The summer months will be especially important this year. Key reports will drive the Fed’s decision to begin tapering its quantitative-easing programs.
While every day brings new data, some are particularly important. Here are some upcoming dates to circle on your calendar that could bring some potentially market-moving news:
July 4: U.S. markets will be closed while the European Central Bank and Bank of England hold separate monetary policy meetings.
July 5: U.S. markets re-open to greet the Bureau of Labor Statistics monthly jobs report.
July 10: Minutes from last month’s Fed meeting
July 12: Producer Price Index
July 16: Consumer Price Index
July 17-18: Ben Bernanke testifies on Capitol Hill
July 30-31: Federal Open Market Committee meets. Most Fed-watchers don’t expect any policy changes, but the committee statement may give us further insight about the taper plans. July 31 also brings a GDP report for the U.S.
Aug.2: Another monthly employment report from BLS
Aug.14-15: PPI and CPI updates
Aug.21: FOMC minutes
Aug. 29: GDP update
Sept. 4: Federal Reserve “Beige Book†economic summary
Sept. 6: Monthly BLS employment report
Sept. 13: PPI
Sept. 17: CPI and the beginning of a two-day FOMC meeting. “To taper or not to taper†will be the question.
Sept. 18: FOMC announcement and Ben Bernanke press conference.
Sept. 20: Just to make Fed week more interesting, it ends with a “quadruple-witching†options and futures expiration day. (This is a quarterly occurrence and can result in increased market volatility as traders close expiring trades and, in many cases, get repositioned in new trades.)
We have some interesting summer ahead of us. We’ll stay glued to Bloomberg and help you make sense of it.
Here are a few other stories we’re following ...
Markets began the second half of 2013 with the Dow Jones Industrial Average up 13.8% and the S&P 500 up 12.6% on the year.
The 10-year Treasury bond closed out June with a 2.485% yield. Six months earlier, it was 1.76%. T-bond holders may be in for more pain, too.
European honchos were enraged by the latest National Security Agency leaks, as allegations arose that the NSA also spied on several European Union bodies. Now it looks like the U.S spies on friends as well as enemies. Negotiations for new Atlantic free-trade agreements will now take on a completely different tone.
The worldwide summer of protest reached Egypt. Angry crowds want president Mohammed Morsi and his Muslim Brotherhood party to step down.
Having access to highly accurate and up-to-date information is just as important when you’re cashing out of a trade as when you’re entering it. It’s easy to get emotional and to question whether it’s really the right time to enter and exit.
But as Tony Sagami knows, trading signals based on good, solid data don’t lie. In fact, just today, Tony released four brand-new system-generated trades — he calls them his ETF Elite picks — to his subscribers.
Check out this free video here about the Nobel Prize-winning formula upon which his system is based. But fair warning, this investor presentation goes offline at midnight Eastern tomorrow, so be sure to watch it now.
Good luck and happy investing,
Brad Hoppman
Publisher
Uncommon Wisdom Daily
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