Following a Wednesday that saw all three major markets close up over 4% on what we dubbed a “reflex rally” (read more about the reflex rally by clicking the link to the left), Thursday will feature the first major economic data of the shortened Christmas trading week as New Home Sales are due out along with Conference Board Consumer Confidence.
What matters:
- New Home Sales Release – Was supposed to be at 10am, but delayed due to partial government shutdown.
- Conference Board Consumer Confidence – At 10:00 A.M. EST, Conference Board Consumer Confidence for the month of December is due out. Current expectations are for only a small drop in consumer confidence despite all the market volatility in recent weeks, with expectations for a December release of 133.6, down from November’s 135.7
- Initial Jobless Claims – Also due out on Thursday at 8:30 A.M. EST are Initial Jobless Claims for the week ending December 22nd. Current expectations are for a small increase from last week’s 214,000 to a new reading of 215,000.
Past performance is not a guarantee of future results. All market data points and expectations are from Bloomberg as of 12/26/2018, and should not be relied upon as current thereafter.
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