Monday, June 26, 2023
10:30 AM ET. June Texas Manufacturing Outlook Survey
Business Activity (previous -29.1)
Mfg Production Idx (previous -1.3)
Tuesday, June 27, 2023
8:30 AM ET. May Advance Report on Durable Goods
Durable Goods-SA, M/M% (previous +1.1%)
Dur Goods, Ex-Defense, M/M% (previous -0.6%)
Dur Goods, Ex-Transport, M/M% (previous -0.2%)
Orders: Cap Gds, Non-Def, Ex-Air, M/M% (previous +1.4%)
Shipmnts: Cap Gds, Non-Def, Ex-Air, M/M% (previous +0.5%)
8:55 AM ET. Johnson Redbook Retail Sales Index
Ret Sales Mo-to-Date, Y/Y% (previous +0.7%)
Latest Wk, Y/Y% (previous +0.9%)
9:00 AM ET. April U.S. Monthly House Price Index
9:00 AM ET. April S&P CoreLogic Case-Shiller Indices
10-City Idx, M/M% (previous +1.6%)
10-City Idx, Y/Y% (previous -0.8%)
20-City Idx, M/M% (previous +1.5%)
20-City Idx, Y/Y% (previous -1.1%)
National Idx, M/M% (previous +1.3%)
National Idx, Y/Y% (previous +0.7%)
10:00 AM ET. June Richmond Fed Business Activity Survey
Mfg Idx (previous -15)
Shipments Idx (previous -13)
10:00 AM ET. June Consumer Confidence Index
Cons Conf Idx (previous 102.3)
Expectation Idx (previous 71.5)
Present Situation Idx (previous 148.6)
10:00 AM ET. May New Residential Sales
New Home Sales (previous 683K)
New Home Sales, M/M% (previous +4.1%)
New Home Sales Months Supply (previous 7.6)
1:00 PM ET. May Money Stock Measures
4:30 PM ET. API Weekly Statistical Bulletin
Crude Stocks, Net Chg (Bbls) (previous -1.2M)
Gasoline Stocks, Net Chg (Bbls) (previous +2.9M)
Distillate Stocks, Net Chg (Bbls) (previous -0.3M)
Wednesday, June 28, 2023
7:00 AM ET. MBA Weekly Mortgage Applications Survey
Composite Idx (previous 209.8)
Composite Idx, W/W% (previous +0.5%)
Purchase Idx-SA (previous 165.6)
Purchase Idx-SA, W/W% (previous +1.5%)
Refinance Idx (previous 425.1)
Refinance Idx, W/W% (previous -2.1%)
8:30 AM ET. Annual U.S. International Investment Position
8:30 AM ET. May Advance Economic Indicators Report
10:00 AM ET. May Metropolitan Area Employment and Unemployment
10:30 AM ET. EIA Weekly Petroleum Status Report
Crude Oil Stocks (Bbl) (previous 463.293M)
Crude Oil Stocks, Net Chg (Bbl) (previous -3.831M)
Gasoline Stocks (Bbl) (previous 221.402M)
Gasoline Stocks, Net Chg (Bbl) (previous +0.479M)
Distillate Stocks (Bbl) (previous 114.288M)
Distillate Stocks, Net Chg (Bbl) (previous +0.434M)
Refinery Usage (previous 93.1%)
Total Prod Supplied (Bbl/day) (previous 20.925M)
Total Prod Supplied, Net Chg (Bbl/day) (previous +0.517M)
Thursday, June 29, 2023
8:30 AM ET. 1st Quarter Revised Corporate Profits
8:30 AM ET. 1st Quarter 3rd estimate GDP
Annual Rate, Q/Q% (previous +1.3%)
Chain-Weighted Price Idx, Q/Q% (previous +4.2%)
Corporate Profits, Q/Q%
PCE Price Idx, Q/Q% (previous +4.2%)
Purchase Price Idx, Q/Q%
Real Final Sales, Q/Q%
Core PCE Price Idx, Ex
Food/Energy, Q/Q%
Personal Consumption, Q/Q% (previous +3.8%)
8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims
Jobless Claims (previous 264K)
Jobless Claims, Net Chg (previous +0K)
Continuing Claims (previous 1759000)
Continuing Claims, Net Chg (previous -13K)
8:30 AM ET. U.S. Weekly Export Sales
10:00 AM ET. May Pending Home Sales Index
Pending Home Sales (previous 78.9)
Pending Home Sales Idx, M/M% (previous +0%)
Pending Home Sales Idx , Y/Y% (previous -20.3%)
10:30 AM ET. EIA Weekly Natural Gas Storage Report
Working Gas In Storage (Cbf) (previous 2729B)
Working Gas In Storage, Net Chg (Cbf) (previous +95B)
4:30 PM ET. Foreign Central Bank Holdings
4:30 PM ET. Federal Discount Window Borrowings
Friday, June 30, 2023
8:30 AM ET. May Personal Income and Outlays
Personal Income, M/M% (previous +0.4%)
Consumer Spending, M/M% (previous +0.8%)
PCE Price Idx, M/M% (previous +0.4%)
PCE Price Idx, Y/Y% (previous +4.4%)
PCE Core Price Idx, M/M% (previous +0.4%)
PCE Core Price Idx, Y/Y% (previous +4.7%)
9:45 AM ET. June Chicago Business Barometer - ISM-Chicago Business Survey -
Chicago PMI
PMI-Adj (previous 40.4)
10:00 AM ET. 1st Quarter GDP by State
10:00 AM ET. 1st Quarter State Quarterly Personal Income
10:00 AM ET. June University of Michigan Survey of Consumers - final
End-Mo Sentiment Idx (previous 59.2)
End-Mo Expectations Idx (previous 55.4)
12-Month Inflation Forecast (previous 4.2%)
5-Year Inflation Forecast (previous 3.1%)
End-Mo Current Idx (previous 64.9)
3:00 PM ET. May Agricultural Prices
Farm Prices, M/M% (previous +1.9%)
Thanks, tallpine!
HIGHER open in new crop corn (maybe beans) from low rain amounts over the weekend.
Bullish factors
1. Disappointing rains
2. Crop ratings WILL drop on Monday
3. Next rain chance not for several days
4. Less rain on the models vs Friday(but part of that was from this system)
Bearish factors.
1. Extended still has decent rains
2. Seasonals
3. Top formation last week
Good luck!