If last week was a crazy one, then this week could be downright insane. Comparing the two, last week was mostly driven by corporate earnings reports and guidance numbers. There was very little economic data to be had. Well, this week takes the earnings reports and cranks them to 11 — and then adds a major dose of data.
On the data front, major reports like consumer confidence, GDP numbers, personal spending, and personal income as well as several other important metrics will all be released. At the same time, earnings season is really underway and the number of larger and important firms reporting earnings is downright maddening.
The combo of the two might be a bit much for investors and traders to handle. That could mean stocks are going to be in for a roller coaster ride. Adding to that ride will once again be any data concerns coming from stalling China.
