This week is packed full of market-moving economic data and announcements. We start with pending home sales which ticked up in September, reaching the second highest level of the year. Tomorrow we get a reading on home prices, which are still appreciating though the pace appears to be slowing. Then on Wednesday we'll hear from the FOMC on the fate of QE and timing of rate increases. Thursday will give us the initial reading on 3rd quarter GDP and on Friday we'll see a host of employment and price data, including the ECI - Employment Cost Index, a read on consumer spending and the latest PCE figures (the Fed's preferred measure of inflation).
There's a good chance we'll see more volatility this week as a result. The VIX, which had gone parabolic during the recent selloff, has come back to earth and now sits below its long-term average near 20. It's still ... Log in or subscribe to continue reading.