This will be a light week for economic data.
The key event will be the US election on Tuesday.
—– Monday, 7th —–
10:00 AM ET: The Fed will release the monthly Labor Market Conditions Index (LMCI).
2:00 PM ET: the October 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices from the Federal Reserve.
3:00 PM: Consumer credit from the Federal Reserve. The consensus is for a $18.7 billion increase in credit.
—– Tuesday, Nov 8th—–
6:00 AM ET: NFIB Small Business Optimism Index for October.
This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.
Jobs openings decreased in August to 5.443 million from 5.831 million in July.
The number of job openings (yellow) were up 3% year-over-year, and Quits were up 4% year-over-year.
All day, U.S. Presidential Election. The forecasts of all key analysts and economists assume Ms. Clinton will be the next President (my forecasts also assume a Clinton presidency). So if Trump is elected, expect some market volatility as forecasts are revised.
—– Wednesday, Nov 9th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
10:00 AM: Monthly Wholesale Trade: Sales and Inventories for July. The consensus is for a 0.2% increase in inventories.
—– Thursday, Nov 10th —–
8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 263 thousand initial claims, down from 265 thousand the previous week.
—– Friday, Nov 11th —–
10:00 AM: University of Michigan’s Consumer sentiment index (preliminary for November). The consensus is for a reading of 87.1, up from 87.2 in October.