What’s Happening in the Markets This Week

Economic Releases Scheduled for the Coming Week

Tuesday, July 14

• June Consumer Price Index report
  • CPI (month to month): FactSet consensus -0.2% vs. 0.5% in May
  • Core CPI (month to month): FactSet consensus 0.22% vs. 0.20% in May
  • CPI (year over year): FactSet consensus 3.8% vs. 4.2% in May
  • Core CPI (year over year): FactSet consensus 2.9% vs. 2.9% in May

Wednesday, July 15

• June Producer Price Index report
  • PPI (month to month): FactSet consensus -0.2% vs. 1.1% in May
  • Core PPI (month to month): FactSet consensus 0.4% vs. 0.4% in May
  • PPI (year over year): FactSet consensus 6.2% vs. 6.5% in May
  • Core PPI (year over year): FactSet consensus N/A vs. 4.9% in May
• Federal Reserve Beige Book

Thursday, July 16

• Initial Unemployment Insurance Claims report for the week ended July 11: FactSet consensus 220K vs. 215K for the week ended July 4
• June Federal Reserve Bank of Philadelphia Index: FactSet consensus 7.0 vs. 10.3 in May
• June Retail Sales (month to month): FactSet consensus 0.3% vs. 0.9% in May
• May Business Inventories (month to month): FactSet consensus 0.4% vs. 0.5% in April

Friday, July 17

• June New Residential Construction report
  • Preliminary Building Permits (seasonally adjusted annual rate): FactSet consensus 1,406K vs. 1,410K in May
  • Housing Starts (seasonally adjusted annual rate): FactSet consensus 1,310K vs. 1,177K in May
• June Capacity Utilization: FactSet consensus N/A vs. 76.2% in May
• June Industrial Production (month to month): FactSet consensus 0.35% vs. 0.10% in May
• July Preliminary University of Michigan Index of Consumer Sentiment: FactSet consensus 51.5 vs. 49.5 in June

Company Earnings

• Tuesday, July 14: Bank of America BAC, JPMorgan Chase JPM, Wells Fargo WFC, Citigroup C
• Wednesday July 15: BlackRock BLK, M&T Bank MTB, Johnson & Johnson JNJ, PNC Bank PNC
• Thursday, July 16: GE Aerospace GE, UnitedHealth UNH, US Bancorp USB, United Airlines UAL, Netflix NFLX
• Friday, July 17: Truist Financial TFC, Fifth Third Bancorp FITB, Regions Financial RF