Next week would be a busy data week in the absence of a government shutdown. But should it continue, the release of CPI (Wed), PPI, claims, advance retail sales (all on Thu), and housing starts (Fri) data will be delayed. A handful of Fed data will be available, however.
We'll get the NY Fed Empire Manufacturing survey, Chicago Fed Retail Trade Summary, Beige Book (all on Wed), Philly Fed Manufacturing Survey (Thu), and industrial production (Fri).
The FOMC Blackout period begins on the 18th. Prior to that, we’ll hear from Paulson (Mon), Powell (Tue), Bowman (Tue), Collins (Tue), and Waller (Tue, Fri).
all the bad news that didn't matter will matter a lot now
Fed employees furlough, ATC pay stopping next week, gov shutdown drags on, PPI/CPI waiting, Fed meeting waiting, jobs data, SCOTUS ruling for tariffs.
A lot riding for the next 30 days or so
This is a list of economic reports that the government provides consistently and now will not provide during the government shutdown:
Nonfarm payrolls, the unemployment rate, CPI, PPI, retail sales, durable goods orders, GDP, personal income and spending (including PCE inflation), housing starts, building permits, new home sales, factory orders, business inventories, the international trade balance, the JOLTS report, the Employment Cost Index, construction spending, and the advance economic indicators report.
So yeah... investing at all time highs when things are at all time uncertainty? Not the move for the day. Thank god I bought puts.
Thanks for coming to my Ted talk.
We have Gov shutdown, they are laying off workers, there are no jobs out there, tariffs are still in effect, sky high prices all around, CPI is never going to touch 2% target. All this dip will be bought by Monday anyway