In a business week that may well end early for many on a getaway Friday before the traditional end-of-summer Labor Day weekend, advisor interest and market reaction will likely come from the Monday, August 30 deadline for comments with the SEC on its Dodd-Frank-mandated fiduciary study, release of FOMC minutes on Tuesday, August 31, and on Friday, September 3, the employment report for August.
Looking back at last week, Ben Bernanke sought to ease market fears, and did so successfully for at least one day, helped by the release of better-than-expected Q2 GDP, with his speech at the Kansas City Fed’s economic summit in Jackson Hole, Wyoming. Our Sunday news mash-up looks at the bond bubble and the resurrection of very, very long bonds, while the Weekend Interview features Tom Bradley talking to IA Editor John Sullivan, celebrating his 25th year at what is now TD Ameritrade.
Tuesday, August 31 brings several measures of retail sales–the Redbook and ICSC-Goldman Sachs reports–as well as a look at August consumer confidence from the Conference Boad and investor confidence from State Street, and the S&P Case-Shiller Home Price Index, all in the morning. In the afternoon comes release of the apparently contentious Federal Reserve’s Open Market Committee minutes from August 10.