Some strong reports next week could highlight the continued strength of a surprisingly resilient consumer.
A raft of economic data and big retail earnings reports next week will give traders insight into the strength of the consumer after a mixed batch of inflation data. Investors will parse through July's retail sales data that will come out Tuesday, as well as last month's building permits and housing starts numbers due Wednesday. A slew of key retail reports are also on deck, including Home Depot and big-box merchandisers Target and Walmart .
's Sam Stovall said. "So, I think that's why it's important that all of the economic data be evaluated and that, in a sense, the summary of that data through the inflation indicators is regarded as being quite important," Stovall added. August off to a tepid start These releases are slated to take place as investors deal with some seasonal weakness in August. The three major averages down since the start of this month.
's Stovall noted the S & P 500 is "12% more volatile in August" than in other months. Still, next week could show how much the U.S. consumer continues to buoy the economy even as challenges remain on the horizon. Other key events in the week ahead include the Fed's latest meeting minutes, set to release Wednesday. Week ahead calendar Tuesday, Aug. 15 8:30 a.m. Export Price Index 8:30 a.m. Import Price Index 8:30 a.m. Empire State Index 8:30 a.m. Retail Sales 10 a.m.
Housing Market Index Earnings: Cardinal Health , Home Depot , Agilent Technologies Wednesday, Aug. 16 8:30 a.m. Building Permits SAAR Preliminary 8:30 a.m. Housing States 9:15 a.m. Capacity Utilization 9:15 a.m. Industrial Production 9:15 a.m. Manufacturing Production 2:00 p.m. Minutes Earnings: Progressive , TJX Companies , Target , Synopsys , Cisco Systems Thursday, Aug. 17 8:30 a.m. Initial Claims 8:30 a.m. Philadelphia Fed Index 10 a.m. Leading Indicators Earnings: Tapestry, Walmart , Applied Materials , Ross Stores Friday, Aug. 18 Earnings: Deere & Co. , Estee Lauder Companies , Palo Alto Networks
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