by Bill McBride on 12/24/2016 08:09:00 AM
Saturday, December 24, 2016
This will be a light week for economic data.
Happy Holidays and Merry Christmas!
All US markets will be closed in observance of the Christmas Holiday.
9:00 AM ET: S&P/Case-Shiller House Price Index for October. Although this is the October report, it is really a 3 month average of August, September and October prices.
This graph shows the nominal seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the September 2016 report (the Composite 20 was started in January 2000).
The consensus is for a 5.1% year-over-year increase in the Comp 20 index for October. The Zillow forecast is for the National Index to increase 5.7% year-over-year in October.
10:00 AM: Pending Home Sales Index for November. The consensus is for a 0.5% increase in the index.
8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 262 thousand initial claims, down from 275 thousand the previous week.
9:45 AM: Chicago Purchasing Managers Index for December. The consensus is for a reading of 57.0, down from 57.6 in November.
Posted by Bill McBride on 12/24/2016 08:09:00 AM