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Schedule for Week of November 3, 2019

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The key reports this week are October vehicle sales, and the September trade deficit.

—– Monday, Nov 4th —–

Vehicle SalesAll day: Light vehicle sales for October.

The consensus is for sales of 17.0 million SAAR, down from 17.2 million SAAR in September (Seasonally Adjusted Annual Rate).

This graph shows light vehicle sales since the BEA started keeping data in 1967. The dashed line is the current sales rate.

—– Tuesday, Nov 5th —–

U.S. Trade Deficit8:30 AM: Trade Balance report for September from the Census Bureau.  The consensus is for the deficit to be .5 billion in September, from .9 billion in August.

This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.

10:00 AM: the ISM non-Manufacturing Index for October.  The consensus is for an increase to 53.5 from 52.6.

Job Openings and Labor Turnover Survey10:00 AM ET: Job Openings and Labor Turnover Survey for September from the BLS.

This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.

Jobs openings decreased in August to 7.051 million from 7.174 million in July.

—– Wednesday, Nov 6th —–

7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

—– Thursday, Nov 7th —–

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 215,000 initial claims, down from 218,000 last week.

—– Friday, Nov 8th —–

10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for November).
Calculated Risk

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