2017 Economic Calendar
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Market Reflections  

July 27, 2017
A run of advance data on June are all positive for GDP: builds across inventory sectors, narrowing in the trade gap for goods, gain for capital goods shipments. The Econoday consensus for Friday's first read on second-quarter GDP is a very respectable 2.6 percent with the high estimate at 3.2 percent.

The dollar was the big mover in Thursday's session, rising 0.6 percent on the dollar index to 93.93 and helping to reverse, at least in part, a run of recent losses. Stocks were sharply mixed with the Dow solidly higher, up 0.4 percent at a new record of 21,796 but the Nasdaq sharply lower, down 0.6 percent at 6,382. Oil, near $49, was little changed as were rates with the 10-year Treasury yield at 2.32 percent.

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