Thoughts on the Short Week Ahead

A bounce? A bottom? A drop?

Markets were closed yesterday so not a lot to say. Looking at the week ahead, there isn’t a lot to say in terms of data either. A few things on housing and manufacturing.

The biggest item is probably an update for consumer sentiment on Friday. But, honestly, we know that metric is going to continue looking pretty bad. I don’t think people are magically happier all of a sudden! Probably the opposite…

In terms of markets then, we might expect a bit of a holding pattern. After all, the updates we really want are all around inflation and whether or not we are peaking or continuing to climb.

But, if it turns out to indeed be an eventful week for markets it wouldn’t be the first nor the last time I’ve been wrong. The fact that I’m writing anything about it being calm likely means the universe will conspire to make me look dumb - so, sorry in advance if things end up chaotic!