Monday's Market Minute: A Busy Week for Investors and Traders

The Fed is the primary focal point. Let’s begin our look at the week ahead with the 2-day FOMC policy meeting, which begins Tuesday, with Fed Chair Jerome Powell expected to announce a 75-basis-points rate hike on Wednesday afternoon. However, there has been some speculation as to whether or not recent data warrants a full 1% rate hike. In addition to the Fed on Wednesday, this week keep an eye on some of the housing numbers that are due out. We have the Housing Market Index to begin the week today, Housing Starts and Permits on Tuesday, and Existing Home Sales and the MBA mortgage applications on Wednesday. On Thursday, keep an eye on Jobless Claims and Leading Indicators. Friday, we get a look at the PMI Composite Flash to cap off a busy week.

In terms of quarterly earnings, we have just a couple names worth mentioning: AutoZone AZO, Stitch Fix SFIX, General Mills GIS, Lennar LEN, KB Home KBH, Accenture ACN, Darden DRI, and Costco COST.

Lastly, the U.S. dollar remains near 20-year highs, gold is beginning the week below 1,700, and bitcoin, a reflection of the overall risk-off tone we’ve seen since the beginning of the year as rates have been climbing higher, is also lower. The ten-year bond yields (TNX) are at 3.5%, the highest they’ve been since April 2011, as investors grow weary of the higher rate environment and the impact it will have on growth.

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