July Publication Schedule

The Lehmann Letter (SM)

Can Alphabet (Google), Amazon, Apple, Facebook and Microsoft drive the stock market forever?

Can Jack’s beanstalk reach the sky?

Doesn’t seem likely. Signs of a peak abound: High P/E ratio and a peak in profits and profit margins, high real-estate prices, stagnant residential construction and home sales, sluggish capital spending, softer auto sales, a peak in capacity utilization.

See below.

ECONOMIC INDICATOR PUBLICATION SCHEDULE

 July 2017

 Source (* below)……Series Description……Day & Date

 Quarterly Data

BEA……..….GDP ..……..…Fri, 28th

Monthly Data

ISM..Purchasing managers’ index…Mon, 3rd

BEA.New-vehicle sales.(Approximate).Thu, 6th

BLS………….Employment…….…   Fri, 7th

Fed. Consumer credit..(Approximate).Mon, 10th

BLS…………Producer prices……. Thu, 13th

Census………….Inventories…….. Fri, 14th

Fed……….Capacity utilization……Fri, 14th

BLS……….Consumer prices.……. Fri, 14th

Census………Housing starts…….Wed, 19th

NAR………Existing-home sales….Mon, 24th

Conf Bd….Consumer confidence.. Tue, 25th

Census……..New-home sales…… Wed, 26th

Census……….Capital goods…….. Thu, 27th

*BEA = Bureau of Economic Analysis of the U.S. Department of Commerce

*BLS = Bureau of Labor Statistics of the U.S. Department of Labor

*Census = U.S. Bureau of the Census

*Conf Bd = Conference Board

*Fed = Federal Reserve System

*ISM = Institute for Supply Management

*NAR = National Association of Realtors

 Questions or comments? Contact Mike Lehmann at lehmannm@usfca.edu.

(To be fully informed visit http://www.beyourowneconomist.com/)

© 2017 Michael B. Lehmann