The Week Ahead on Wall Street
This week 130 members of the S&P 500 are scheduled to report earnings to Wall Street.
Included in this group is DJIA component Pfizer (NYSE:PFE) Tuesday.
The FOMC will hold a 2-day meeting starting Tuesday.
The CME’s FedWatch Tool currently assigns a greater than 90% chance of interest rates remaining unchanged. The Fed’s statement will be released Wednesday at 2:00p EDT, and will be reviewed for any suggestion of a rate hike occurring at the December meeting.
On the economic calendar
September personal income and the October Chicago Purchasing Manager’s Index (PMI) will be released Monday.
Tuesday features October motor vehicle sales, the October PMI manufacturing index, the Institute for Supply Management’s (ISM) October manufacturing index and September construction spending.
The October ADP Employment Report will be released Wednesday.
Thursday features preliminary Y 2016 Q-3 productivity, September factory orders and the ISM’s October non-manufacturing index.
October jobs data, including the unemployment rate and the change in NFPs (nonfarm payrolls), as well as September international trade will be released to Wall Street Friday.
Friday, 2 Federal Reserve officials will make public speaking appearances: Atlanta President Dennis Lockhart and Dallas President Rob Kaplan.
Have a terrific week
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Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.