Basic Market Reactions to the major US economic reports

Here are the basic market reactions to the major US economic reports ...

Economic Indicator	Indicator		Stock Reaction		Bond Reaction		Dollar Reaction
Consumer Price Index	UP		UP		DOWN		UNCERTAIN
	DOWN		DOWN		UP		UNCERTAIN
Producer Price Index	UP		UP		DOWN		UNCERTAIN
	DOWN		DOWN		UP		UNCERTAIN
Beige Book	Anecdotal description of regional economic performance used by analysts as a subjective measure of regional economic performance. Can serve as an indicator of future Fed monetary policy. Because it is subjective, its effect on the markets is determined by interpretation.
Employment Cost Index	The ECI is at comprehensive measure of employee compensation trends as they effect production costs. Reaction to the ECI depends on a variety of other economic conditions, particularly the Fed's curent economic policy as it relates to inflation, unemployment, and recession.
NAPM		UP		UP		DOWN		UP
		DOWN		DOWN		UP		DOWN
Payroll Employment		UP		UP		DOWN		UP
		DOWN		DOWN		UP		DOWN
Unemployment Rate		UP		DOWN		UP		DOWN
		DOWN		UP		DOWN		UP
Car Sales		UP		UP		DOWN		UP
		DOWN		DOWN		UP		DOWN
Retail Sales		UP		UP		DOWN		LITTLE CHANGE
		DOWN		DOWN		UP		LITTLE CHANGE
Industrial Production		UP		UP		DOWN		LITTLE CHANGE
		DOWN		DOWN		UP		LITTLE CHANGE
GNP		UP		UP		DOWN		UP
		DOWN		DOWN		UP		DOWN
Housing Starts		UP		UP		DOWN		NO REACTION
		DOWN		DOWN		UP		NO REACTION
Capacity Utilization		UP		UP		DOWN		LITTLE CHANGE
		DOWN		DOWN		UP		LITTLE CHANGE
Durable Goods Orders		UP		UP		DOWN		NO REACTION
		DOWN		DOWN		UP		NO REACTION
Personal Income		UP		UP		DOWN		UP
		DOWN		DOWN		UP		DOWN
Income Consumption		UP		UP		DOWN		UP
		DOWN		DOWN		UP		DOWN
Leading Indicators		UP		UP		DOWN		UP
		DOWN		DOWN		UP		DOWN
New Home Sales		UP		NO REACTION		DOWN		NO REACTION
		DOWN		NO REACTION		UP		NO REACTION
Construction Spending		UP		NO REACTION		NO REACTION		NO REACTION
		DOWN		NO REACTION		NO REACTION		NO REACTION
Factory Orders		UP		NO REACTION		DOWN		NO REACTION
		DOWN		NO REACTION		UP		NO REACTION
Business Inventories		UP		NO REACTION		UNCERTAIN		NO REACTION
		DOWN		NO REACTION		UNCERTAIN		NO REACTION
Trade Balance (improved deficit)		UP		UP		UNCERTAIN		UP
		DOWN		DOWN		UNCERTAIN		DOWN
Export Prices		UP		UP		DOWN		UP
		DOWN		DOWN		UP		DOWN
Import Prices		UP		UP		DOWN		DOWN
		DOWN		DOWN		UP		UP