Real-Estate Advisory
Managed-Direct Ownership
Trump won’t get in the way of S&P 500 hitting 5,000
The North Korea summit, a Federal Reserve rate call and possible QE unwinding news from the ECB are all jammed into the next five days. That’s after a whirlwind weekend of President Trump pretty much annoying every other G-7 leader, with no signs of a slowdown in the barbs as he readies for his meeting with Kim Jong Un. While the market seems ready to shake off geopolitical spats for now, the Fed is looming large. A rate hike is roundly expected, so it’s signs of more aggressive moves that could derail stocks bigly.
DATA DECK FOR Jun 25 - Jun 29
Jun 25 New Home Sales May NA 662K
Jun 26 S&P Case-Shiller 20-city Index Apr NA 6.8%
Jun 26 Consumer Confidence Jun NA 128.0
Jun 27 MBA Mortgage Applications Index 06/23 NA NA
Jun 27 Durable Orders May NA -1.7%
Jun 27 Durable Goods –ex transportation May NA 0.9%
Jun 27 Adv. Intl. Trade in Goods May NA -$68.2B
Jun 27 Adv. Wholesale Inventories May NA 0.0%
Jun 27 Current Account Balance Q1 NA -$128.2B
Jun 27 Pending Home Sales May NA -1.3%
Jun 27 Crude Inventories 06/23 NA NA
Jun 28 GDP - Third Estimate Q1 NA 2.2%
Jun 28 GDP Deflator - Third Estimate Q1 NA 1.9%
Jun 28 Initial Claims 06/23 NA NA
Jun 28 Continuing Claims 06/16 NA NA
Jun 28 Natural Gas Inventories 06/23 NA NA
Jun 29 Personal Income May NA 0.3%
Jun 29 Personal Spending May NA 0.6%
Jun 29 PCE Prices May NA 0.2%
Jun 29 PCE Prices - Core May NA 0.2%
Jun 29 Chicago PMI Jun NA 62.7
Jun 29 Univ. of Michigan Consumer Sentiment - Final Jun NA NA