Weekly Business Planner - Dec 2 - 6

The week ahead highlights the monthly employment report as well as an update of GDP growth. A good many other economic reports are due, but investors will mostly focus on the growth of the economy and the state of the labor force. The pace of economic growth is expected to be adjusted higher for the third quarter, while the unemployment rate is expected to improve slightly.

Weekly Business Planner

Index ETF	Week Ending Nov. 29	Year-to-Date
SPDR S&P 500 (NYSE: SPY)	+0.1%	+27.1%
SPDR Dow Jones (NYSE: DIA)	+0.2%	+23.0%
PowerShares QQQ (Nasdaq: QQQ)	+0.2%	+31.5%

Stocks hardly moved in the shortened period inclusive of the holiday, but are richly fattened for the year-to-date period. We have been looking for retrenchment toward the close of the year, and we have seen it in the most richly valued momentum names, but other stocks have taken up the charge in their place. This is important to note, as it reflects a shifting of capital and is important for sector strategy.

Economic Events

THIS WEEK’S ECONOMIC REPORT SCHEDULE
Economic Data Point	Prior	Expected	Actual
CYBER MONDAY
PMI Manufacturing	51.8	54.2	54.7
ISM Manufacturing	56.4	55.5	57.3
Construction Spending (Oct.)	+0.6%	+0.5%	+0.8%
Construction Spending (Sept.)	+0.1%	+0.5%	-0.3%
Gallup US Consumer Spending
Bernanke Speaks
TUESDAY
Motor Vehicle Sales	15.2 M	15.7 M
-Domestic Sales Only	11.9 M	12.3 M
Gallup US ECI
ICSC Weekly Store Sales	+2.6%
-Year-to-Year Pace	+2.1%
Redbook Store Sales	+3.8%
WEDNESDAY
ADP Employment Report	+130K	+185K
New Home Sales (Oct.)		425K
New Home Sales (Sept.)	421K	420K
ISM Non-Manufacturing	55.4	55.5
International Trade	-$41.8 B	-$40.2 B
Beige Book
Gallup US Job Creation Index
Mortgage Activity	-0.3%
EIA Petroleum Status
-Crude Oil Inventory	+3.0 M
-Gasoline Inventory	+1.8 M
House Committee: ACA
OPEC Meeting
THURSDAY
ECB Monetary Policy
BOE Monetary Policy
GDP	+2.8%	+3.1%
Factory Orders	-0.1%	-1.2%
Weekly Jobless Claims	316K	322K
Bloomberg Consumer Comfort	-33.7
EIA Natural Gas Report	-13 bcf
Challenger Job-Cut Report
Chain Store Sales
Gallup US Payroll to Population
Fisher Speaks
SEC Roundtable: Proxy Advisory
FRIDAY
Employment Situation Report
-Nonfarm Payrolls	204K	180K
-Private Payrolls	212K	173K
-Unemployment Rate	7.3%	7.2%
Personal Income	+0.5%	+0.3%
-Outlays	+0.2%	+0.3%
-Core PCE Price Index	+0.1%	+0.1%
Consumer Sentiment
Consumer Credit	+$13.7 B	+$15.0 B
Plosser Speaks
Evans Speaks

 • Bold signifies actual results on Monday, versus expectations otherwise

Corporate Events

It’s a short EPS reporting list this week. See the full list below.

HIGHLIGHTED EPS REPORTS
Company	Ticker
MONDAY
NO REPORTS
TUESDAY
Ascena Retail Group	Nasdaq: ASNA
Universal Technical Institute	NYSE: UTI
Guidewire Software	NYSE: GWRE
Golub Capital	Nasdaq: GBDC
WEDNESDAY
NO REPORTS
THURSDAY
Francesca’s Holdings	Nasdaq: FRAN
Casella Waste Systems	Nasdaq: CWST
Zumiez	Nasdaq: ZUMZ
FRIDAY
Johnson Outdoors	Nasdaq: JOUT

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