Holiday Weekend/Week Ahead

MONDAY MONDAY MONDAY!!

Holiday Spending on Friday (Black Friday) was up 8% from 2006!! Some Economics said it was going to be down 10% from 2006.

However, I do believe that this number is misleading from the overall spending numbers. In general i think sales will be down this year due to credit and the mortgage crunch.

The Week Ahead

Consumer Confidence comes out on Tuesday at 10am EST : I believe this number will be lower for November due to credit uses and gas prices.

Durable Goods comes out on Wednesday at 8:30am EST : This number more then likely will either go up or stay the same due to the coming holiday season.

Existing Home Sales comes out on Wednesday at 10:00am EST : This number will be lower due to the winter season coming. Home sales slow down in general in the winter.

GDP (Gross Domestic Product) comes out Thursday at 8:30am : GDP will stay the same or be a bit lower due to energy prices and inflation concerns.

New Homes Sales comes out on Thursday at 10:00am EST: This number will be down or no change.

Personal Income and Outlays comes out on Friday at 8:30am EST : outlays will be up. income will be the same i believe.

Construction Spending comes out on Friday at 10:00am EST : this number will be down.

There yea go folks. Hope the information helps you.