With Thanksgiving on Thursday, this week features a heavy dose of economic data releases on Tuesday and Wednesday, with a few major indexes due out. We expect to continue to see day-to-day volatility in both directions as the market goes through the painful bottoming process after reaching a climactic low, as was the case on October 29th. That means each economic data point could lead to exaggerated price moves that ultimately don’t see a lot of progress in either direction. At this point, we believe weaker economic data would be greeted more favorably than stronger data, as it would give the Fed a reason to take the foot off the break heading into 2019.
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