Weekly Outlook: Spending and Holiday Season

No economic data speaks louder during holiday season than consumer sentiment. The University of Michigan releases the latest data Wednesday, which tracks consumer views on the economy and confidence to spend. With oil prices continuing to drop, the number may be adjusted higher.

 

Economic Calendar

Tuesday:

GDP 8:30 AM ET

Corporate Profits 8:30  AM ET

 

Wednesday:

Bank Reserve Settlement 7:00 AM ET

MBA Mortgage Applications 7:00 AM ET

Consumer Sentiment 10:00 AM ET

 

Thursday:

Jobless Claims 8:30 AM ET

Dairy Product Sales 4:00 PM ET

 

Friday:

Christmas Holiday  

 

Links:

What happens once the crude oil export ban is lifted (Yahoo)

Have we seen the bottom of oil prices? (Quartz)

Farm earnings come back on low fuel prices (Wall Street Journal)

What are the economic risks after a Fed rate hike? (New York Times)

Where exactly is the bull market? (The Reformed Broker)

Where stock pickers did well (and poorly) in 2015 (Morningstar)

Not every part of the U.S. is doing well (Wall Street Journal)

Christmas is a big day for Japan’s economy (CNBC)

In which countries are workers happiest? (World Economic Forum)

The case for Scrooge (Wall Street Journal)

 

 

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