I'm Janet Yellen??? The Creator or Destroyer of $1 Trillion in Wealth in 30 Minutes

+  Intro: After last week’s roller coaster which saw the broader markets finish over 2%  on Friday, investors will be turning their attention to central bank speeches. On the economic front, we have retail sales, Wholesale Inventories and Michigan Sentiment

+  Oil: After OPEC made their announcement last week not to cut production, we witnessed West Texas crude fall below $40 per barrel. Investors will watch for any additional statements out of OPEC from the weekend to see if oil can fall even further with the over-supply. Should oil fall further, we will see energy firms and the companies that transport oil fall, while airlines and consumer discretionary stocks should rise  

+  Central Banks: During the week, multiple central banks will be making policy statements. Traders will be listening for announcements of any additional monetary easing to further strengthen their nations’ economies. Individual countries that announce any stimulus will see their respective currencies depreciate against the US Dollar and a basket of other currencies

+  Retail Sales: On Friday (12/11), Retail Sales are released and investors will get another look at how retailers performed on Black Friday. Based on the readings, we could see certain parts of the retail sector rise or fall.

+  Terrorism: Investors will be watching the latest developments from the FBI’s terrorism investigation into the mass shooting in San Bernardino and the fight with ISIS in Syria and Iraq. Should we see any type of incident or escalation, whether domestic or abroad, we can expect to see global markets temporarily fall

 

MONDAY (12/7)

  • 9:45 AM ET – Consumer Credit - Oct
  • Eurogroup Meetings

 

TUESDAY (12/8)

  • 10:00 AM ET – JOLTS Job Openings – Nov
  • National Australia Bank Business Confidence
  • China Trade Balance
  • Italian Banks are closed in observance of Immaculate Conception Day
  • Bank of Japan Governor Haruhiko Kuroda Speaks
  • Great Britain Manufacturing Production
  • Canada Building Permits
  • Bank of Canada Governor Stephen Poloz Speaks
  • Earnings: Costco, Autozone

 

 

WEDNESDAY (12/9)

  • 10:00 AM ET – Wholesale Inventories Oct
  • 10:30AM ET – Crude Oil Inventories
  • China CPI & PPI
  • Reserve Bank of New Zealand Monetary Policy Statement & Press Conference  

 

THURSDAY (12/10)

  • 8:30 AM ET - Weekly Jobless Claims
  • 8:30 AM ET - Import/Export Prices - Nov
  • 2:00 PM ET – Treasury Budget - Nov
  • Australia Unemployment Rate and Employment Change
  • Swiss National Bank Monetary Policy Assessment & Press Conference
  • Swiss National Bank Libor Rate
  • Bank of England Monetary Policy Statement
  • Earnings: Adobe  

 

FRIDAY (12/11)

  • 8:30 AM ET - PPI – Nov
  • 8:30 AM ET – Retail Sales - Nov
  • 10:00 AM ET – Business Inventories – Oct
  • 10:00 AM ET – Michigan Sentiment - Dec
  • ECB Long Term Refinancing Option