Weekly Outlook: GDP and Home Sales

 

The second take on first quarter GDP showed a small step backwards for the U.S. economy. Wednesday’s third look at the data provides the final measure as we head into the second half of the year. In addition, Monday’s existing home sales showed the biggest jump in 5 ½ years.  The new home sales report comes Tuesday.

 

Economic Calendar

Tuesday:

Durable Goods Orders 8:30 AM ET

FHFA House Price Index  9:00 AM ET

New Home Sales 10:00 AM ET

Wednesday:

US: GDP  8:30 AM ET

Thursday:

Bloomberg Consumer Comfort Index  9:45 AM ET

Kansas City Fed Manufacturing Index 11:00 AM ET

Friday:

Export Sales 7:30 AM CT

Consumer Sentiment 10:00 AM ET

Kansas City Federal Reserve Bank President Esther George Speech 12:45 PM ET

 

Links

Why venture capital is watching the Fed (AVC)

Hawaii seeks 100 percent renewable energy by 2045 (Hawaii News)

Alt. investors are asking the wrong questions (Attain Capital)

Greece gets closer to exiting the EU (Bloomberg)

What will traders do if there’s an agreement on Greece? (Yahoo Finance)

Iran will double oil exports this year (Bloomberg)

A new LNG export facility files for approval (Fuel Fix)

Is North Dakota the Silicon Valley of drones? (Marketwatch)

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