Personal Income for July is estimated to rise +.3% versus a +.4% gain in June.
Personal Spending for July is estimated to rise +.2% versus a +.4% gain in June.
The PCE Core MoM for July is estimated to rise +.1% versus a +.1% gain in June.
9:00 am EST
ISM Milwaukee for August is estimated to fall to 60.0 versus 63.87 in July.
9:45 am EST
Chicago Purchasing Manager for August is estimated to rise to 56.5 versus 52.6 in July.
9:55 am EST
Final Univ. of Michigan Consumer Confidence for August is estimated to rise to 80.0 versus a prior estimate of 79.2
None of note
Other Potential Market Movers
The Eurozone CPI report could also impact trading today.
BOTTOM LINE: Asian
indices are mostly lower, weighed down by technology and industrial
shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the day.