Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Monday, October 30, 2006

3 Red-Hot Charts for Monday

Happy Halloween Eve.

We’re going to see a flood of economic data this week which are mostly consumer oriented. Some important numbers…

On Monday, the Department of Commerce will release its personal income and personal spending data for September. In other words, how Americans are spending their money, and how much cash they’re putting in the bank.

On Tuesday, The Conference Board releases its consumer confidence report.

On Wednesday, we get auto and truck sales. Keep your eye on sales of large SUVs and trucks, to see if September’s data (a large jump in sales of larger vehicles) was just a blip or a trend. This has important implications for gasoline prices.

On Thursday, we get initial jobless claims. All in all, it should be an exciting week.

And on Saturday, I hop on a plane for the Sierra Madre mountains in Mexico. Huzzah!

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