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.

Sign up to access the rest of this content!

This content is not available to free users. Sign up for a paid account to access the rest of this content.

Share this: