If there has been one common trend so far in 2017, it would have to be a return to volatility. The market has been on a roller-coaster ride since the start of the year. While most of the trending sessions grinded higher, stocks still featured some pretty large intraday swings.
Many of those swings came on the back of reactions to President Trump’s numerous executive orders. Traders continue to digest what the president might actually say and do. The surge in volatility should persist this week as well, as the market braces for more orders from the president.
As for the week’s economic data, it should add to that overall jumpiness. Data continues to be either weak or “knock it out of the park” excellent. This week will see some major metrics related to housing, inflation, manufacturing and retail sales.
Earnings season continues to roll on – albeit, at a slower pace. Profit reports have been mixed, with many firms offering sobering revenue and guidance numbers. With plenty of big bellwethers still to report, the next few weeks could, once again, see serious volatility.
All in all, the upcoming week should be another bumpy ride.
Check out last week’s Market Glance here.
