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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (106)6/16/1999 12:15:00 AM
From: J.T.  Read Replies (2) of 19219
 
MARKET COMMENTARY, June 15 p.m./June 16 a.m.

Last week we had PPI # reported relatively benign but it was "the other number" in retail sales that spooked the market.
Tomorrow, in addition to the CPI #, the other numbers include important housing starts, industrial production and capacity utilization. The list below gives the consensus estimate of multiple polled economists and individual estimate by a major bank:

Wednesday, June 16 Economic Indicators:

Indicator
1)Bank Estimate
2)Consensus*
3)Last month

JUNE 16
Consumer Price Index (CPI)
MAY
1)0.3%
2)0.2%*
3)0.7% April

JUNE 16
CPI Ex-Food & Energy
MAY
1) 0.2%
2) 0.2%*
3) 0.4% April

JUNE 16
Housing Starts
MAY
1) 1.60M
2) 1.62M*
3) 1.57M

JUNE 16
Industrial Production
MAY
1) 0.3%
2) 0.3%*
3) 0.6% April

JUNE 16
Capacity Utilization
MAY
1)80.3%
2)80.6%*
3)80.6% April
* Source: MMS International

JUNE 17
Greenspan Testifies Before Congress on Monetary Policy.

JUNE 18
TRIPLE WITCH OPTION EXPIRATION.

Should be a wild three days.

Best, J.T.
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