The Week Ahead: 19-23
This coming week is highlighted by FOMC minutes on Wednesday which includes a band of economists and financial television people searching for the ‘t’ word (tapering) and any reference to such action or inaction. Other than this, we only have Thursday’s jobless claims and Friday’s new home sales. The focus this week is the struggle to determine if these past few week are just part of a healthy pullback or the start of more selling to come. Wildcard of course being the low summer trading volume and activities in Egypt and its impact on oil, currencies and the equity markets. Safe trading all.