There is so much happening on the data calendar this week that it was difficult to figure out what to highlight. On the inflation front, we get PPI on Tuesday and CPI on Wednesday, and we also have the first regional PMI releases for January with both the Empire Fed Index and the Philly Fed on Wednesday. Those are both important data sets, but we think that housing is the star of the week. Although it’s a small part of GDP, housing provides key insights into household sentiment. The NAHB survey will be released on Thursday and will likely come in lower considering the significant rise in mortgage rates in the last month. On Friday, we’ll see both Housing Starts and Building Permits. The latter typically correlates strongly with the NAHB so don't expect anything surprising. Meanwhile, Starts tend to follow trends in Housing Sentiment and that is sitting near all-time lows as of Friday's Michigan Survey. A lot to digest this week!

The Macro Week Ahead

The Macro Specialist Designation (M² SD)

Learn More Here: https://macrospecialistdesignation.com/

The Macro Week In Review

Macro Job Board

Global Market Strategist @ New York Life Investments (New York)

In this role you will develop capital markets perspectives, portfolio strategy, and trade ideas through original research and apply macroeconomic themes to alternative and private markets conditions. 

VP, Macro Research, Cross Asset Strategist @ JP Morgan (New York)

You will focus primarily on developing and presenting a broad strategic and tactical asset allocation across different products/markets and jurisdictions. You will part of a team that has the objective to develop a coherent framework for valuations and positioning across asset classes.

Global Macro Research Analyst @ Goldman Sachs (Washington, DC)

This candidate will closely monitor political and policy developments 
and assist economists to publish timely and innovative research on macroeconomic, political, and policy developments and their economic impact. They will also work on economic research projects and publications.

What We Read This Weekend

1. On Bubble Watch

2. Strength In Consumer Spending Does Not Imply Low Probability Of Recession

3. How Trump Can Achieve Sustained 3% GDP Growth

Have feedback? Simply reply to this email to tell us what you like and don’t like about Macro Mondays!