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Important Catalysts to Watch

The most important catalysts will be on the economic front. We will get the Nov manufacturing PMI/ISM readings (China hits late Tues night and the US comes Wed morning) as well as the US jobs report on Fri (the St is looking for 143K in total non-farm adds; recall the Oct BLS reading was pretty encouraging). The Beige Book will be published on Wed 12/1 and also is in focus.

On the corporate front, we will get auto sales on Wed and same-store-sales on Thurs. ALTR and LSTR both will be publishing mid-Q updates (the first such updates for the CQ4). There are a few more Oct-end earnings (OVTI, ARO, SNPS, AVGO, TOL are among them). Looking towards Washington, the White House will host a summit on Tues 11/30 between Obama and the new GOP leadership (as far as the market is concerned, the big topic will be the fate of the Bush tax cuts).

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