Right now the market only cares about the most-recent economic data release and that means tomorrow's full slate of data could re-write the script a few times.
The highlight will be the January US retail sales report. There's always a hangover from holiday spending but the numbers are seasonally adjusted for that. Eyes will be on the 'control group', which excludes autos, gasoline and building materials. That's expected up 0.3% while the main headline is expected down 0.1%.
All times ET:
08:30 - Empire Fed Manufacturing (Feb)
- Expected: -15.00
08:30 - Philly Fed Business Index (Feb)
- Expected: -8.0
08:30 - Initial Jobless Clm (10 Feb, w/e)
- Expected: 220k
08:30 - Import Prices MM (Jan)
- Expected: 0.0%
08:30 - Export Prices MM (Jan)
- Expected: -0.1%
09:15 - Industrial Production MM (Jan)
- Expected: 0.3%
09:15 - Manuf Output MM (Jan)
- Expected: 0.0%
10:00 - NAHB Housing Market Index (Feb)
- Expected: 46
The lone Fed speaker is Waller at 1:15 pm ET. He's speaking on the US dollar's international role.
