Keystone's Key Events and Market Movers for Trading the Week of 9/3/13

Key Dates and Times for the Week Ahead:

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Monday, 9/2/13: U.S. Markets are Closed in Observance of the Labor Day holiday. China and Asia PMI’s.  European PMI’s. The 911 Anniversary is 9 days away.

Tuesday, 9/3/13: U.S. Markets reopen for trading. Congress returns from August recess this week to handle the Syria crisis and address the fiscal problems within the next four weeks. Construction Spending and ISM Mfg Index 10 AM—market pivot point. Earnings: HRB, MTRX.

Wednesday, 9/4/13: Motor Vehicle Sales. Mortgage Applications 7 AM. International Trade 8:30 AM. Fed’s Williams speaks 12:30 PM.  Beige Book 2 PM—market pivot point. Markets are typically bearish through the new moon. Fed’s Kocherlakota speaks 8 PM. Earnings: OVRL.

Thursday, 9/5/13: Rosh Hashanah. ECB Rate Decision 7:45 AM and Press Conference 8:30 AM. Challenger Jobs Report 7:30 AM. ADP Jobs Report 8:15 AM.  Jobless Claims and Productivity and Costs 8:30 AM. Fed’s Kocherlakota speaks 9 AM. ISM Non-Mfg Index and Factory Orders 10 AM—market pivot point. Natty Gas Inventories 10:30 AM. Oil Inventories 11:00 AM. New moon. Earnings: COO, NCTY.

Friday, 9/6/13: Fed’s Evans speaks 8 AM.  Monthly Jobs Report 8:30 AM—market pivot point. Fed’s George speaks 1:30 PM.

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Monday, 9/9/13: Consumer Credit 3 PM. Earnings:

Tuesday, 9/10/13: NFIB Small Business Optimism Index 7:30 AM. JOLTS Report 10 AM. 3-Year Note Auction 1 PM. Earnings:

Wednesday, 9/11/13: Anniversary of 911. Muslim Million-Man March. Mortgage Applications 7 AM. Wholesale Trade 10 AM—market pivot point. Oil Inventories 10:30 AM. 10-Year Note Auction 1 PM. Earnings:

Thursday, 9/12/13: Import and Export Prices and Jobless Claims 8:30 AM. Natty Gas Inventories 10:30 AM. 30-Year Bond Auction 1 PM. Treasury Budget 2 PM. Earnings:

Friday, 9/13/13: PPI and Retail Sales 8:30 AM.  Consumer Sentiment 9:55 AM—market pivot point.  Business Inventories 10 AM—market pivot point. Earnings:

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Monday, 9/16/13: Empire State Mfg Survey 8:30 AM.  Industrial Production 9:15 AM. Earnings:

Tuesday, 9/17/13: FOMC Meeting begins with traders listening for ‘QE tapering’. CPI 8:30 AM. TIC data 9 AM. Housing Market Index 10 AM. Markets are typically bullish from a Tuesday low to a Wednesday high for OpEx week. Markets are typically bullish through the full moon. Earnings:

Wednesday, 9/18/13: Mortgage Applications 7 AM. Housing Starts 10 AM—market pivot point. Oil Inventories 10:30 AM. FOMC Meeting Announcement and Forecasts 2 PM. Chairman Bernanke Press Conference 2:30 PM. Earnings:

Thursday, 9/19/13: Jobless Claims 8:30 AM. Philly Fed, Leading Indicators and Existing Home Sales 10 AM—market pivot point. Natty Gas Inventories 10:30 AM. Full moon. Earnings:

Friday, 9/20/13: OpEx-Quadruple Witching. Atlanta Fed Inflation Expectations 10 AM. Earnings:

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Sunday, 9/22/13: Germany reelects Merkel and now there is no longer a need to keep countries like Greece or Cyprus in the euro, or even Germany itself.

Monday, 9/23/13: Flash PMI’s. Chicago Fed National Activity Index 8:30 AM. Earnings:

Tuesday, 9/24/13: FHFA House Price Index and Case-Shiller Home Price Index 9 AM. Richmond Fed Mfg Index and Consumer Confidence 10 AM—market pivot point. 2-Year Note Auction 1 PM. Earnings:

Wednesday, 9/25/13: Mortgage Applications 7 AM. Durable Goods Orders 8:30 AM.  New Home Sales 10 AM. Oil Inventories 10:30 AM. 5-Year Note Auction 1 PM. Earnings:

Thursday, 9/26/13: Corporate Profits, Jobless Claims and GDP 8:30 AM. Pending Home Sales 10 AM. Natty Gas Inventories 10:30 AM. 7-Year Note Auction 1 PM. Earnings:

Friday, 9/27/13: Personal Income and Outlays 8:30 AM. Consumer Sentiment 9:55 AM—market pivot point. Farm Prices 3 PM. Earnings:

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Sunday, 9/29/13: The Debt Ceiling Limit and CR Continuing Resolution to fund the U.S. government deadlines occur.  Perhaps last minute antics occur today which is typical for the politicians. The Whitehouse scandals are distracting politicians from addressing the fiscal problems.

Monday, 9/30/13: EOM; EOQ3. Chicago PMI 9:45 AM—market pivot point. Dallas Fed Mfg Survey 10:30 AM. Markets are typically bullish from the last day of the month through the first four days of the new month. Earnings:

Tuesday, 10/1/13: Q4 begins. China and Asia PMI’s.  European PMI’s. Construction Spending and ISM Mfg Index 10 AM—market pivot point. The Affordable Care Act (Obamacare) exchanges open so people without health insurance can sign up for healthcare but will the exchanges be ready? Earnings:

Wednesday, 10/2/13: Mortgage Applications 7 AM. ADP Jobs Report 8:15 AM. Oil Inventories 10:30 AM. Earnings:

Thursday, 10/3/13: Challenger Job Report 7:30 AM. Jobless Claims 8:30 AM. ISM Non-Mfg Index and Factory Orders 10 AM—market pivot point. Natty Gas Inventories 10:30 AM. Earnings:

Friday, 10/4/13: Monthly Jobs Report 8:30 AM.  European bank stress tests will occur in Q4. Earnings:

----------------------------  2014  ----------------------------------

On Friday, 1/31/14: Chairman Bernanke’s term ends at the Fed. Yellen, Summers and Kohn are candidates for the position. Summers is the front-runner and the likely choice since he is a confidant of President Obama who referred to Ms. Yellen as ‘Mr. Yellen’.

On Friday, 2/7/14:  Winter Olympics begin in Sochi, Russia, through 2/23/14. Watch $RTSI and RSX.

In February/March: the new Fed Chairman testifies before Congress.

In March: ESM is officially ‘fully operational’. The banking union schedule has been delayed from January 2013 to January 2014 and now to March 2014.