Next week will be very interesting.
1.) We get inflation data on Tuesday and Wednesday. The Fed has already stated it will be more prone to lower rates right now, arguing the threats to growth outweigh inflationary threats. That means a poor reading on either of these numbers could send treasuries lower.
2.) Earnings season starts. Expect some wild swings.
3.) We get the Empire State and Philly survey along with industrial production.
4.) Housing starts come out on Thursday. Housing news has been uniformly bad for the last few months, so I wouldn't expect much in the way of good news here either.
5.) The markets are clearly in a correction pattern of lower lows and lower highs. In addition, the markets Consolidated last week at the low end of a pattern. Don't be surprised to see strong moves in either directions.
