Craig Johnson’s

Market Brief

Tuesday, December 2, 2014

Stocks declined on Monday as the market consolidated some of the recent gains. The price of oil and gold enjoyed strong bounces after last week’s severe selling. There are only three full trading weeks left this year. Most of the trading activity is likely to occur during these weeks before holiday lightened trading commences into year-end. A full slate of economic reports will be released this week with Friday providing the employment data for November.



December 1 - Monday

ISM Index, November (10:00): 58.7 actual versus 58.0 expected, 59.0 prior


December 2 - Tuesday

Construction Spending, October (10:00): 0.5% expected, -0.4% prior

Auto Sales, November (2:00): 5.9M prior

Truck Sales, November (2:00): 7.4M prior


December 3 - Wednesday

MBA Mortgage Index, 11/29 (7:00): -4.3% prior

ADP Employment Change, November (8:15): 228K expected, 230K prior

Productivity-Rev., Q3 (8:30): 2.2% expected, 2.0% prior

Unit Labor Costs - R, Q3 (8:30): 0.3% expected, 0.3% prior

ISM Services, November (10:00): 57.5 expected, 57.1 prior

Crude Inventories, 11/29 (10:30): 1.946M prior


December 4 - Thursday

Challenger Job Cuts, November (7:30): 11.9% prior

Initial Claims, 11/29 (8:30): 292K expected, 313K prior

Continuing Claims, 11/22 (8:30): 2350K expected, 2316K prior

Natural Gas Inventories, 11/29 (10:30): -162 bcf prior


December 5 - Friday

Nonfarm Payrolls, November (8:30): 225K expected, 214K prior

Nonfarm Private Payroll, November (8:30): 215K expected, 209K prior

Unemployment Rate, November (8:30): 5.8% expected, 5.8% prior

Hourly Earnings, November (8:30): 0.2% expected, 0.1% prior

Average Workweek, November (8:30): 34.6 expected, 34.6 prior

Trade Balance, October (8:30): -$42.0B expected, -$43.0B prior

Factory Orders, October (10:00): 0.2% expected, -0.6% prior

Consumer Credit, October (3:00): $17.3B expected, $15.9B prior 

Sources:,,, Dow Jones News, Financial Times,, Investor's Business Daily,,, Thomson Reuters/First Call, U.S. Dept of Treasury, and individual company web sites and press releases.  

Leonetti & Associates, LLC views or opinions are as of a certain date and subject to change without notice.  The material contained herein is for informational purposes only and obtained from sources we consider reliable. We make no guarantee as to its accuracy or completeness.  References to specific securities and industries/sectors should not be considered recommendations to buy or sell any security or advisory service.  Past performance is not a guarantee of future results.