by Calculated Risk on 12/24/2016 08:09:00 AM

This will be a light week for economic data.

Happy Holidays and Merry Christmas!

----- Monday, Dec 26th -----
All US markets will be closed in observance of the Christmas Holiday.

----- Tuesday, Dec 27th-----
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.

----- Wednesday, Dec 28th -----
10:00 AM: Pending Home Sales Index for November. The consensus is for a 0.5% increase in the index.

----- Thursday, Dec 29th -----
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.

----- Friday, Dec 30th -----
9:45 AM: Chicago Purchasing Managers Index for December. The consensus is for a reading of 57.0, down from 57.6 in November.