After last week’s holiday break and shortened trading session, investors will need to be on their toes for the last few days of November. The break has caused a bottleneck in economic data, and that dam is going to be released over the next week. Check out last week’s Market Glance here.
There’s a deluge of data being released this week and all of it seems to be important. We’ll get measures of consumer health, manufacturing data and labor health, as well as the usual weekly data points. All of that will lead up to the main show this week – the official US GDP number.
Although earnings have died down and the official “season” is pretty much over, investors will still see a number of important bellwether companies reporting their quarterly profits. So far, numbers have been good and guidance great. But any deviation from that could add to the week’s overall jumpiness – since stocks have now had a few weeks of rallying, traders might be looking for any excuse to sell stocks during the week.