Kingsbarn Capital & Development
Managed-Direct Ownership
REAL ESTATE NEWS
WEEK AHEAD
U.S. stocks struggle for direction after strong durables data
U.S. stocks struggled for direction Monday, trading near unchanged, as investors weigh stronger-than-expected data on durable-goods orders after equities bounced last week on expectations a slowing economy could limit the magnitude of Federal Reserve rate increases. Last week, the S&P 500 jumped 6% to snap a three-week losing run. The Dow Jones Industrial Average rose 5%, and the tech-heavy Nasdaq Composite gained 7%.

DATA DECK FOR Jun 27 - Jul 1
DATE REPORT IMPACT FORECAST PREVIOUS
Jun 27 Core Durable Goods Orders m/m Medium 0.4% 0.3%
Jun 27 Durable Goods Orders m/m Medium 0.1% 0.4%
Jun 27 Pending Home Sales m/m Medium -3.5% -3.9%
Jun 28 Prelim Wholesale Inventories m/m Low 2.3% 2.1%
Jun 28 Goods Trade Balance Low -101.7B -105.9B
Jun 28 S&P/CS Composite-20 HPI y/y Low 21.2% 21.2%
Jun 28 HPI m/m Low 1.0% 1.5%
Jun 28 Richmond Manufacturing Index Medium -11 -9
Jun 28 CB Consumer Confidence High 100.0 106.4
Jun 28 Crude Oil Inventories Low -1.6M 2.0M
Jun 29 Final GDP q/q Medium -1.4% -1.5%
Jun 29 Final GDP Price Index q/q Low 8.1% 8.1%
Jun 30 Core PCE Price Index m/m High 0.3%
Jun 30 Personal Income m/m Low 0.4%
Jun 30 Personal Spending m/m Low 0.9%
Jun 30 Chicago PMI Low 60.3
Jul 1 ISM Manufacturing PMI High 56.1
Jul 1 ISM Manufacturing Prices Low 82.2
Jul 1 Construction Spending m/m Low 0.2%
Jul 1 Wards Total Vehicle Sales Low 12.7M