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To: Judy who wrote (25995)5/2/1999 7:57:00 PM
From: Logain Ablar  Respond to of 50167
 
Hi Judy:

This week from Business Week. Monday
@ 8:30 AM personal income.
@ 10AM Purchasing Managers Index (Ike's commented this is one AG factors heavily) also construction spending, vehicle sales
Tuesday - Conference board's leading indicators
Wednesday - Factory inventiories
Friday - Employment and consumer credit.



To: Judy who wrote (25995)5/2/1999 8:19:00 PM
From: Lee  Respond to of 50167
 
Hi Judy,..Re:. What economic data is coming out next week that may be spooking the bond traders?

For sure Friday's jobs number. That's always a critical number plus it will have average hourly earnings with it. Another one that commands some attention is tomorrow's NAPM report. (National Association of Purchasing Managers) This one because, it shows strength based on new orders and general manufacturing sector health.

A handy calendar is at the site below.
dismal.com

Yep, Friday's selling seemed a little overdone but you could see each wave on the TYX chart. The 8:30 wave from the GDP report, then again the 10 am wave from the Chicago Purchasing Managers Index, then another wave around 1 pm which seemed to coincide with the announcement of more supply coming to market.

204.71.196.176:443/925690482060?User=demo&Pswd=demo&DataType=GIF

Happy trading,

Lee



To: Judy who wrote (25995)5/2/1999 8:52:00 PM
From: Lee  Read Replies (1) | Respond to of 50167
 
Judy,..Re:.economic data coming out next week

Forgot to mention that an important number in the NAPM is the "prices paid" component. Apparently the CPMI showed a significant increase there.