Craig Johnson’s

Market Brief

Tuesday, September 2, 2014

The financial markets were closed yesterday for the Labor Day holiday. Many of the major market indices have extended their streak of weekly gains to four. This recent strength leaves many indices and stocks susceptible to consolidations, but the market bias remains firmly higher. Gold gained a bit last week after the previous week's selling. This will be a short trading week, but a lot of economic reports are due to be released. 


September 2 - Tuesday

ISM Index, August (10:00): 57.0 expected, 57.1 prior

Construction Spending, July (10:00): 1.0% expected, -1.8% prior


September 3 - Wednesday

MBA Mortgage Index, 08/30 (7:00): 2.8% prior

Factory Orders, July (10:00): 11.0% expected, 1.1% prior

Auto Sales, August (14:00): 5.8M prior

Truck Sales, August (14:00): 7.4M prior


September 4 - Thursday

Challenger Job Cuts, August (7:30): 24.4% prior

ADP Employment Change, August (8:15): 220K expected, 218K prior

Initial Claims, 08/30 (8:30): 300K expected, 298K prior

Continuing Claims, 08/23 (8:30): 2525K expected, 2527K prior

Trade Balance, July (8:30): -$42.0B expected, -$41.5B prior

Productivity-Rev., Q2 (8:30): 2.6% expected, 2.5% prior

Unit Labor Costs, Q2 (8:30): 0.5% expected, 0.6% prior

ISM Services, August (10:00): 57.9 expected, 58.7 prior

Natural Gas Inventories, 08/30 (10:30): 75 bcf prior

Crude Inventories, 08/30 (11:00): -2.070M prior


September 5 - Friday

Nonfarm Payrolls, August (8:30): 220K expected, 209K prior

Nonfarm Private Payrolls, August (8:30): 200K expected, 198K prior

Unemployment Rate, August (8:30): 6.1% expected, 6.2% prior

Hourly Earnings, August (8:30): 0.2% expected, 0.0% prior

Average Workweek, August (8:30): 34.5 expected, 34.5 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.