This is the link for Economic Calendar. Check the economic data daily (anytime between 10am and 11pm) and evaluate what it means.
Focus on this soft data (click on the data, look at the chart, and read the explanation):
- ISM Manufacturing, ISM Services, PMI Manufacturing, PMI Services, PMI Composite (a reading above 50 means expansion or growth, a reading below 50 means contraction)
- Conference Board confidence (a reading below signals means a recession)
- University of Michigan confidence index
Focus on this hard data (click on the data, look at the chart, and read the explanation):
- Every Tuesday ADP weekly jobs data
- Every Thursday weekly initial claims for unemployment
- First Friday of the month – labor market report (unemployment rate and jobs created.
- The CPI inflation report
- The PCE inflation report
- The GDP report