What to Watch
Pay attention to the macro news now that the 2nd quarter has ended. The climate changes at quarter end. Bonus money is paid based upon performance on Wall Street and there can be some artificial props. The macro-economic news will come back into focus now that it is July 1.
Wednesday’s Economic Calendar
- Motor Vehicle Sales
6:00 Monster Employment Index
7:00 MBA Mortgage Applications
7:30 Challenger Job-Cut Report
8:15 ADP Jobs Report
10:00 ISM Manufacturing Index
10:00 Construction Spending
10:00 Pending Home Sales
10:30 EIA Petroleum Status
11:15 Fed’s Evans speaks on the credit crunch - Notable earnings before Wednesday’s open: GIS, STZ
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