After last week’s continued Fed presence, with Janet Yellen and others providing testimony and speeches, this week should be a welcome break for investors.
The amount of data and earnings should be light, though what will be released (unemployment claims and retail sales) could seriously drive the markets. The push or pull from this very important data could help drive volatility forward. Perhaps even more than usual as we have once again entered the sort of “good news is actually bad news and vice versa” zone while we brace for a pending rate hike from the Fed.
All in all, even with the shortened trading week thanks to the Veterans Day Holiday, the market could be in for another bumpy ride over the next five days.