How to handle Thursday’s avalanche of data Big
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Posted On: 11/01/2012 8:05:12 AM
How to handle Thursday’s avalanche of data
Big day includes reports on jobs, consumers and manufacturers
WASHINGTON (MarketWatch) — Rarely will a trader confront as much economic data as is due for release on Thursday.
Nine separate pieces of economic data — ranging from consumer confidence to construction spending — will be released Thursday morning.
In all likelihood, the raft of data will present a mixed picture, reflecting an economy growth around 2% a year.
“There’s not a lot of chance for big upside or downside surprises with tomorrows numbers,” said Scott Wren, senior equity strategist at Wells Fargo Advisors. “You probably won’t get much movement in the markets one way or the other, especially with the employment report coming out Friday.”
The jobs report, issued by the Labor Department, is the last one to come out before the presidential election. The results could influence the choice of some still-undecided voters, and of course the markets as well.
http://articles.marketwatch.com/2012-10-31/ec...confidence
Big day includes reports on jobs, consumers and manufacturers
WASHINGTON (MarketWatch) — Rarely will a trader confront as much economic data as is due for release on Thursday.
Nine separate pieces of economic data — ranging from consumer confidence to construction spending — will be released Thursday morning.
In all likelihood, the raft of data will present a mixed picture, reflecting an economy growth around 2% a year.
“There’s not a lot of chance for big upside or downside surprises with tomorrows numbers,” said Scott Wren, senior equity strategist at Wells Fargo Advisors. “You probably won’t get much movement in the markets one way or the other, especially with the employment report coming out Friday.”
The jobs report, issued by the Labor Department, is the last one to come out before the presidential election. The results could influence the choice of some still-undecided voters, and of course the markets as well.
http://articles.marketwatch.com/2012-10-31/ec...confidence
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