Market Scheming

Tuesday, August 30, 2011

Big week - A slew of economic data this week will make markets rocky

The big number will be the employment report coming out Friday.
Bloomberg economic calendar has every major event this week listed with general consensus figures.


Last weeks two misses:

PriorConsensusConsensus RangeActual
Real GDP - Q/Q change - SAAR1.3 %1.1 %0.7 % to 1.6 %1.0 %
GDP price index - Q/Q change - SAAR2.3 %2.3 %2.3 % to 2.4 %2.4 %

 Released on 8/26/2011 8:30:00 AM For Q2p




PriorPrior RevisedConsensusConsensus RangeActual
New Home Sales - Level - SAAR312 K300 K313 K302 K to 330 K298 K
 Released on 8/23/2011 10:00:00 AM For Jul, 2011






Zerohedge has a great summery of this weeks events: How The Economy Quietly Entered A Recession On Friday, And Why The GDP Predicts A Sub-Zero Nonfarm Payroll Number

The chart most relevant to the Economic Data August 29 - September 2


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