MONDAY: The morning to start a very quiet news week gets us off to a lower start. The week, however, is still likely to be one that cocuses on retail holiday sales and oiul prices, just as the last two weeks
TUESDAY: Following yesterday’s extreme weakness, possibly resulting from further weakness in oil, today the focus continues to be oil and retail sales. The only diversion may come from the morning’s JOLT Survey and which could supply more good news.
WEDNESDAY: I rarely care about Wednesday’s Petroleum Status Report but hope that there’s no news to push the energy sector lower as inventories are revealed. Until prices stabilize this report may take on more and more significance.
THURSDAY: The monthly Retail Sales report for Niovember is due today and is expected to report healthy growth, ex-autos. Hopefully that will be the case as the early morning futures, already slightly positive could use a nice lift after yesterday’s 1.6% decline
FRIDAY: The week looks as if it will be ending on a negative note as oil prices continue lower and drag everything along, whether warranetd or not
“SNEAK PEEK AT NEXT WEEK” APPEARS ON FRIDAYS