KEY EVENTS TO WATCH FOR:
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Started by tallpine - June 25, 2023, 7:23 p.m.

Monday, June 26, 2023 



10:30 AM ET. June Texas Manufacturing Outlook Survey

                       Business Activity (previous -29.1)

                       Mfg Production Idx (previous -1.3)



Tuesday, June 27, 2023 



8:30 AM ET. May Advance Report on Durable Goods

                       Durable Goods-SA, M/M% (previous +1.1%)

                       Dur Goods, Ex-Defense, M/M% (previous -0.6%)

                       Dur Goods, Ex-Transport, M/M% (previous -0.2%)

                       Orders: Cap Gds, Non-Def, Ex-Air, M/M% (previous +1.4%)

                       Shipmnts: Cap Gds, Non-Def, Ex-Air, M/M% (previous +0.5%)

8:55 AM ET. Johnson Redbook Retail Sales Index

                       Ret Sales Mo-to-Date, Y/Y% (previous +0.7%)

                       Latest Wk, Y/Y% (previous +0.9%)

9:00 AM ET. April U.S. Monthly House Price Index

9:00 AM ET. April S&P CoreLogic Case-Shiller Indices

                       10-City Idx, M/M% (previous +1.6%)

                       10-City Idx, Y/Y% (previous -0.8%)

                       20-City Idx, M/M% (previous +1.5%)

                       20-City Idx, Y/Y% (previous -1.1%)

                       National Idx, M/M% (previous +1.3%)

                       National Idx, Y/Y% (previous +0.7%)

10:00 AM ET. June Richmond Fed Business Activity Survey

                       Mfg Idx (previous -15)

                       Shipments Idx (previous -13)

10:00 AM ET. June Consumer Confidence Index

                       Cons Conf Idx (previous 102.3)

                       Expectation Idx (previous 71.5)

                       Present Situation Idx (previous 148.6)

10:00 AM ET. May New Residential Sales

                       New Home Sales (previous 683K)

                       New Home Sales, M/M% (previous +4.1%)

                       New Home Sales Months Supply (previous 7.6)

1:00 PM ET. May Money Stock Measures

4:30 PM ET. API Weekly Statistical Bulletin

                       Crude Stocks, Net Chg (Bbls) (previous -1.2M)

                       Gasoline Stocks, Net Chg (Bbls) (previous +2.9M)

                       Distillate Stocks, Net Chg (Bbls) (previous -0.3M)



Wednesday, June 28, 2023 



7:00 AM ET. MBA Weekly Mortgage Applications Survey

                       Composite Idx (previous 209.8)

                       Composite Idx, W/W% (previous +0.5%)

                       Purchase Idx-SA (previous 165.6)

                       Purchase Idx-SA, W/W% (previous +1.5%)

                       Refinance Idx (previous 425.1)

                       Refinance Idx, W/W% (previous -2.1%)

8:30 AM ET. Annual U.S. International Investment Position

8:30 AM ET. May Advance Economic Indicators Report

10:00 AM ET. May Metropolitan Area Employment and Unemployment

10:30 AM ET. EIA Weekly Petroleum Status Report

                       Crude Oil Stocks (Bbl) (previous 463.293M)

                       Crude Oil Stocks, Net Chg (Bbl) (previous -3.831M)

                       Gasoline Stocks (Bbl) (previous 221.402M)

                       Gasoline Stocks, Net Chg (Bbl) (previous +0.479M)

                       Distillate Stocks (Bbl) (previous 114.288M)

                       Distillate Stocks, Net Chg (Bbl) (previous +0.434M)

                       Refinery Usage (previous 93.1%)

                       Total Prod Supplied (Bbl/day) (previous 20.925M)

                       Total Prod Supplied, Net Chg (Bbl/day) (previous +0.517M)



Thursday, June 29, 2023 

8:30 AM ET. 1st Quarter Revised Corporate Profits

8:30 AM ET. 1st Quarter 3rd estimate GDP

                       Annual Rate, Q/Q% (previous +1.3%)

                       Chain-Weighted Price Idx, Q/Q% (previous +4.2%)

                       Corporate Profits, Q/Q%

                       PCE Price Idx, Q/Q% (previous +4.2%)

                       Purchase Price Idx, Q/Q%

                       Real Final Sales, Q/Q%

                       Core PCE Price Idx, Ex

                       Food/Energy, Q/Q%

                       Personal Consumption, Q/Q% (previous +3.8%)

8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims

                       Jobless Claims (previous 264K)

                       Jobless Claims, Net Chg (previous +0K)

                       Continuing Claims (previous 1759000)

                       Continuing Claims, Net Chg (previous -13K)

8:30 AM ET. U.S. Weekly Export Sales

10:00 AM ET. May Pending Home Sales Index

                       Pending Home Sales (previous 78.9)

                       Pending Home Sales Idx, M/M% (previous +0%)

                       Pending Home Sales Idx , Y/Y% (previous -20.3%)

10:30 AM ET. EIA Weekly Natural Gas Storage Report

                       Working Gas In Storage (Cbf) (previous 2729B)

                       Working Gas In Storage, Net Chg (Cbf) (previous +95B)

4:30 PM ET. Foreign Central Bank Holdings

4:30 PM ET. Federal Discount Window Borrowings



Friday, June 30, 2023  



8:30 AM ET. May Personal Income and Outlays

                       Personal Income, M/M% (previous +0.4%)

                       Consumer Spending, M/M% (previous +0.8%)

                       PCE Price Idx, M/M% (previous +0.4%)

                       PCE Price Idx, Y/Y% (previous +4.4%)

                       PCE Core Price Idx, M/M% (previous +0.4%)

                       PCE Core Price Idx, Y/Y% (previous +4.7%)

9:45 AM ET. June Chicago Business Barometer - ISM-Chicago Business Survey -

                    Chicago PMI

                       PMI-Adj (previous 40.4)

10:00 AM ET. 1st Quarter GDP by State

10:00 AM ET. 1st Quarter State Quarterly Personal Income

10:00 AM ET. June University of Michigan Survey of Consumers - final

                       End-Mo Sentiment Idx (previous 59.2)

                       End-Mo Expectations Idx (previous 55.4)

                       12-Month Inflation Forecast (previous 4.2%)

                       5-Year Inflation Forecast (previous 3.1%)

                       End-Mo Current Idx (previous 64.9)

3:00 PM ET. May Agricultural Prices

                       Farm Prices, M/M% (previous +1.9%)



Comments
By metmike - June 25, 2023, 7:58 p.m.
Like Reply

Thanks, tallpine!

HIGHER open in new crop corn (maybe beans) from low rain amounts over the weekend.


Bullish factors

1. Disappointing rains

2. Crop ratings WILL drop on Monday

3. Next rain chance not for several days

4. Less rain on the models vs Friday(but part of that was from this system)


Bearish factors.

1. Extended still has decent rains

2. Seasonals

3. Top formation last week

Good luck!