Markets remain illiquid, choppy, and news-driven; a treacherous combination of characteristics for swing traders. Things are unlikely to change much this week given the slew of important events on the economic calendar, including CPI data on Tuesday, FOMC on Wednesday, and retail sales + jobless claims on Thursday. Expectations are 7.3% for CPI and a 0.50% rate increase at FOMC with terminal rate guidance no higher than 5%. Any variations to these expectations in the actual data could cause large swings in the market. Expect high volatility in both directions.
The Next Market Leaders - 12/11
The Next Market Leaders - 12/11
The Next Market Leaders - 12/11
Markets remain illiquid, choppy, and news-driven; a treacherous combination of characteristics for swing traders. Things are unlikely to change much this week given the slew of important events on the economic calendar, including CPI data on Tuesday, FOMC on Wednesday, and retail sales + jobless claims on Thursday. Expectations are 7.3% for CPI and a 0.50% rate increase at FOMC with terminal rate guidance no higher than 5%. Any variations to these expectations in the actual data could cause large swings in the market. Expect high volatility in both directions.