The Economic Week Ahead 5/16/22

Released for April will be retail sales, industrial production, home sales, existing home sales, and the Index of Leading Economic Indicators (LEI). Collectively, they’re are likely to show that the economy is growing but at a relatively slow pace.

Some of the indicators (particularly retail sales and the LEI) are likely to heighten recession fears, which could lift bond prices. Such heightened fears would likely have a mixed impact on stocks, i.e., they would suggest less Fed tightening ahead but weaker corporate earnings.