MONDAY: The week looks as if it might get off to a quiet start as an FOMC Statement release is ahead, as is the GDP. No one expects much from either, but that could lead to a summer surprise
TUESDAY: A rare down day yesterday, although off from its lows, looks as if it will be followed by a day opening flat, as the FOMC convenes and investors have no expectations for policy alteration.
WEDNESDAY: The FOMC Statement is released this afternoon as the week thus far is one looking for direction, even as earnings have been better than expected and haven’t been painting a negative picture for months ahead.
THURSDAY: Another flat day may await as we also await tomorrow’s GDP. At the same time, investors are betting that it’s less than even money that we even get a single rate hike in 2016 at this point, although there’s lots of data to come and Friday could be the start of an upward pointing stream
FRIDAY:. For now, the futures are looking as if it will be another flat day, but the GDP still awaits, so anything may yet happen
“SNEAK PEEK AT NEXT WEEK” APPEARS ON FRIDAYS