There is no question the news backdrop is going to remain volatile with extreme headline risk. There continues to be White House drama with staff changes and Mueller probe risk, the arrest of the Huawei CFO is likely to bring increased geopolitical drama, and the December FOMC meeting isn’t for another 10 days, which makes every economic datapoint important. This week, there are several key economic data releases that could either help suggest the slowing pace of the economy or could take pressure off the Fed to continue raising rates. These include the NFIB Small Business Optimism, Retail Sales and both Producer Price Index (PPI) and Consumer Price Index (CPI).
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