Monday's Market Minute: A Slow Start to a Busy Week

Lots to keep an eye on, so let’s take a market minute to get ahead of what you should be watching.

The focus this week will primarily be on the Fed and the FOMC meeting on Wednesday, as investors and traders look for more information on how Jerome Powell plans to combat inflation rising to near 40-year highs. On Friday, we saw CPI here in the U.S. year-over-year come in at 6.8%. This has many wondering if the Fed will speed up the taper, and what kind of language they may use as they distance themselves from the “transitory” verbiage to something more realistic. In addition to the Fed this week, we also have the ECB, the Bank of England, and the Bank of Japan announcing policy decisions, so it could be a big week for currency markets and financial products.

But heads up, because it’s not just the Fed this week: we also have PPI, Retail Sales, some housing data, and Quad Witching on Friday, which always seems to create a bit of a stir. PPI will be important in terms of trying to determine if the supply chain constraints are driving up prices on the producer side of things; Retail Sales will provide insight as to how optimistic consumers are headed into the holidays.

In terms of companies reporting quarterly results, this week we’ll get earnings from Lennar LEN, Adobe ADBE, FedEx FDX, and Darden DRI.

So, another busy week as we head into the holidays – stay nimble.

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