8 Min.
The Week Ahead: Has Economic Growth Peaked for the Year? Advisorpedia's The Week Ahead Podcast, Powered by Tematica Research
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- Karriere
Join Tematica Research's Chief Macro Strategist, Lenore Hawkins, and Chief Investment Officer, Chris Versace, as they discuss and debate what's driving the market and the economy this week.
Markets last week
Last Thusday the Nasdaq closed up 0.7% for its 17th record high in 2021. Not to be outdone, the S&P 500 gained 0.6% to make its 30th record close for the year and the Dow added nearly 1%. The long bond remained fairly steady at 2.1% while WTI crude rose back above $73 a barrel and gold dropped lower to $1,775 an ounce as the VIX fell below 16, near to its pandemic-period lows.
Key Economic Data and Related Events LAST WEEK
Probably the biggest news was that a bipartisan group of Senators came to an agreement with the Biden administration on a roughly $1T infrastructure plan
$579b new spending
$312b transport
$10s b on water infrastructure, broadband, environmental remediation, power & electrical grid
Funding from new IRS enforcement? Ugh
$100b in public/private partnerships
$65b in 5G wireless spectrum sales
Less than 60 votes in total right now for it in the Senate
Economic Data to Watch THIS WEEK
Tuesday, June 29:
April FHFA Housing Price Index HOUSING
April S&P Case-Shiller Home Price Index HOUSING
June Consumer Confidence
Wednesday, June 30:
June ADP Employment Change Report + Friday’s (LABOR)
June Chicago PMI - Markit’s from last week showed slowing (SLOWING)
May Pending Home Sales HOUSING
Thursday, July 1:
Weekly and Continuing Jobless Claims (LABOR)
May Construction Spending (SLOWING)
June ISM Manufacturing Index (SLOWING)
Friday, July 2:
June Employment Report (LABOR)
May Factory Orders. (SLOWING)
Resources: Tematica Research | Chris Versace | Lenore Hawkins
Related: The Week Ahead: Is the Market Too Confident?
Join Tematica Research's Chief Macro Strategist, Lenore Hawkins, and Chief Investment Officer, Chris Versace, as they discuss and debate what's driving the market and the economy this week.
Markets last week
Last Thusday the Nasdaq closed up 0.7% for its 17th record high in 2021. Not to be outdone, the S&P 500 gained 0.6% to make its 30th record close for the year and the Dow added nearly 1%. The long bond remained fairly steady at 2.1% while WTI crude rose back above $73 a barrel and gold dropped lower to $1,775 an ounce as the VIX fell below 16, near to its pandemic-period lows.
Key Economic Data and Related Events LAST WEEK
Probably the biggest news was that a bipartisan group of Senators came to an agreement with the Biden administration on a roughly $1T infrastructure plan
$579b new spending
$312b transport
$10s b on water infrastructure, broadband, environmental remediation, power & electrical grid
Funding from new IRS enforcement? Ugh
$100b in public/private partnerships
$65b in 5G wireless spectrum sales
Less than 60 votes in total right now for it in the Senate
Economic Data to Watch THIS WEEK
Tuesday, June 29:
April FHFA Housing Price Index HOUSING
April S&P Case-Shiller Home Price Index HOUSING
June Consumer Confidence
Wednesday, June 30:
June ADP Employment Change Report + Friday’s (LABOR)
June Chicago PMI - Markit’s from last week showed slowing (SLOWING)
May Pending Home Sales HOUSING
Thursday, July 1:
Weekly and Continuing Jobless Claims (LABOR)
May Construction Spending (SLOWING)
June ISM Manufacturing Index (SLOWING)
Friday, July 2:
June Employment Report (LABOR)
May Factory Orders. (SLOWING)
Resources: Tematica Research | Chris Versace | Lenore Hawkins
Related: The Week Ahead: Is the Market Too Confident?
8 Min.