The theme today will be digesting the speeches from Jackson Hole but the economic calendar holds a few highlights.
- 8:30 am ET (1230 GMT) – Chicago Fed National Activity Index. Not a market mover
- 9:45 am ET (1345 GMT) – Markit services/composite index. Exp at 58.0 vs 60.8 prior
- 10 am ET (1400 GMT) – US new home sales exp 429K vs 406K prior
- 10:30 am ET (1430 GMT) – Dallas Fed manufacturing index
The highlight is the housing data. The numbers from the sector have been volatile lately so expect the unexpected. Housing starts were very strong last week and existing home sales were a bit better than expected so the market will be leaning toward an upside surprise.
