Craig Johnson’s

Market Brief

Tuesday, June 17, 2014

Stocks finished higher on Monday after moving in and out of negative territory throughout the day. Energy stocks remained the favored group as traders continued to react to the news out of Ukraine and Iraq. Utilities were also strong. The Federal Reserve Open Market Committee starts its two day meeting today. 

Economic Calendar

June 16 - Monday

Empire Manufacturing, June (8:30): 12.8 expected, 19.0 prior

Net Long-Term TIC Fl, April (9:00): $4.0B prior

Industrial Production, May (9:15): 0.5% expected, -0.6% prior

Capacity Utilization, May (9:15): 78.9% expected, 78.6% prior

NAHB Housing Market , June (10:00): 46 expected, 45 prior


June 17 - Tuesday

Housing Starts, May (8:30): 1028K expected, 1072K prior

Building Permits, May (8:30): 1050K expected, 1080K prior

CPI, May (8:30): 0.2% expected, 0.3% prior

Core CPI, May (8:30): 0.2% expected, 0.2% prior


June 18 - Wednesday

MBA Mortgage Index, 06/14 (7:00): +10.3% prior

Current Account Balance, Q1 (8:30): -$97.8B expected, -$81.1B prior

Crude Inventories, 06/14 (10:30): -2.596M prior

FOMC Rate Decision, June (2:00): 0.25% prior


June 19 - Thursday

Initial Claims, 06/14 (8:30): 313K expected, 317K prior

Continuing Claims, 06/14 (8:30): 2638K expected, 2614K prior

Philadelphia Fed, June (10:00): 13.4 expected, 15.4 prior

Leading Indicators, May (10:00): 0.5% expected, 0.4% prior

Natural Gas Inventories, 06/14 (10:30): 107 bcf 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.