A rather slow week ahead. Aside from a Bernanke speech on Monday and the Friday retail sales report there is little to move the markets. These tend to be rather volatile and risky weeks to be in the market as trading lacks fundamental direction. Seasonally low volume could add to volatility.
No major market moving news.
Ben Bernanke speaks at noon eastern time. The market has had a love affair with Bernanke lately. Don’t be surprised to see the market melt higher in anticipation of comments of a continued “accommodative” stance.
Another slow day. No market moving news.
ICSC-Goldman Store Sales 7:45 AM ET
Redbook 8:55 AM ET
Bank of Canada Announcement 9:00 AM ET
EIA Petroleum Status Report 10:30 AM ET
Thursday – Earnings from Costco before the market could be market moving. National Semiconductor reports after the bell. Expect tech investors to be honed in on the report. Jobless claims will be the market moving event of the day.
BOE Announcement 7:00 AM ET
International Trade 8:30 AM ET
Jobless Claims 8:30 AM ET
EIA Natural Gas Report 10:30 AM ET
Friday – Retail sales will be the market moving news of the day. Analysts are looking for a rise in November of 0.9% following a 1.4% rise in October. Strength in November auto sales could lead to another upside surprise.
Retail Sales 8:30 AM ET
Import and Export Prices 8:30 AM ET