OptionsHouse

Options Trading News

November 14, 2012  Wed 1:16 AM CT

XLF: SEE CHART GET CHAIN FIND STRATEGIES
Today's economic calendar is dominated by consumer data and comments by the Federal Reserve.

Weekly mortgage applications at 7 a.m. ET are the first item on the schedule. They declined 5 percent last week, partly because of storm disruptions. While they're not tracked by analysts, an especially strong or negative reading could affect housing stocks.

The Commerce Department will release October retail sales at 8:30 a.m. ET. Economists predict contraction of about 0.3 percent excluding autos, while the overall number is expected to be little changed. Stronger readings could positively sway sentiment, while weaker ones would be viewed bearishly.

Producer prices are reported at the same time, with forecasters anticipating an increase of 0.1 percent. The report will probably have a muted impact on trading because inflation hasn't been a major concern for investors recently.

At 2 p.m. ET, the Fed will release minutes of its last meeting. Investors may scour the report for clues about the pace of further monetary stimulus.
Share this article with your friends


Related Stories

XLF

Cramer: Fed hike risks contagion

March 11, 2015

Just like 2007, we are again at a moment when the economy looks strong and employment growth is coming back. And the topic once again is whether we need to raise rates before the economy overheats.

XLF

Cramer: Who wins from job data?

March 9, 2015

So many people are worried about a rate increase that unless you buy the stocks that MOST benefit from it--the banks--you will shed gains every time there is speculation that a rate hike is coming,

Invest Like a Monster - San Diego: June 26-27

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Short Gamma

Last week, we talked about long Gamma. We said that long gamma is acquired by purchasing options and when you...

View more education articles »