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Saturday, December 19, 2020

Schedule for Week of December 20, 2020

by Calculated Risk on 12/19/2020 08:11:00 AM

Happy Holidays and Merry Christmas!

The key economic reports this week are New Home Sales, Existing Home Sales, the 3rd estimate of Q3 GDP, and November Personal income and outlays.

----- Monday, Dec 21st -----

8:30 AM ET: Chicago Fed National Activity Index for November. This is a composite index of other data.

----- Tuesday, Dec 22nd -----

8:30 AM: Gross Domestic Product, 3nd quarter 2020 (Third estimate). The consensus is that real GDP increased 33.1% annualized in Q3, unchanged from the second estimate of GDP.

Existing Home Sales10:00 AM: Existing Home Sales for November from the National Association of Realtors (NAR). The consensus is for 6.70 million SAAR, down from 6.85 million.

The graph shows existing home sales from 1994 through the report last month.

Housing economist Tom Lawler expects the NAR to report sales of 6.50 million SAAR for November.

10:00 AM: Richmond Fed Survey of Manufacturing Activity for December.

----- Wednesday, Dec 23rd -----

7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 900,000 initial claims, up from 885,000 last week.

8:30 AM: Durable Goods Orders for November. The consensus is for a 0.6% increase in durable goods.

8:30 AM: Personal Income and Outlays for November. The consensus is for a 0.2% decrease in personal income, and for a 0.1% decrease in personal spending. And for the Core PCE price index to increase 0.1%.

New Home Sales10:00 AM: New Home Sales for November from the Census Bureau.

This graph shows New Home Sales since 1963. The dashed line is the sales rate for last month.

The consensus is for 990 thousand SAAR, down from 999 thousand in October.

10:00 AM: University of Michigan's Consumer sentiment index (Final for December). The consensus is for a reading of 81.0.

----- Thursday, Dec 24th -----

The NYSE and the NASDAQ will close early at 1:00 PM ET.

----- Friday, Dec 25th -----

All US markets will be closed in observance of the Christmas Holiday.