[THE US NEXT WEEK] The da
By[THE US NEXT WEEK] The data calendar next week is very busy through
Friday, when we get to see the November jobs data release. Odds are that
the November retail hiring figure will be distorted by the early push in
holiday sales – adding to November's count just to steal from December's.
Chicago PMI and both ISM reports, productivity (up) and unit cost (down)
data, Case/Shiller home price figures, consumer confidence, Challenger and
ADP job figures, construction spending, vehicle and chain store sales
figures and pending home sales are all due, keeping things very busy. In
addition, there is a full slate of Fed speakers, including Bernanke, and
the Beige Book for the December FOMC meeting. We are interested to see if
the widening of European credit spreads comes in for mention. All of
these potentially market moving events come in what promises to be thin
volume, so perhaps high volatility
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