Also keep an eye out for numerous Fed speakers next week to add to confused market, could be volatile week with new positions being started and old winners sold since payment on capital gains in 2017 only, this could make a rought start for 2016 as selling of the gorssly overvalued FANG stocks likely. If it was me I would sell all the FANG stocks and high flyers and rotate to undervalued stocks/sectors that are bottoming as markets anticipating shift in strategy to lower growth, yield curve flattening, increasing inflation, some countries in recesssion and loss of central bank confidence among monied investors/funds, capital flows start reversing and gold/silver finally get their share after being black listed for 4 years.
Next weeks economic highlights include Construction Spending and the ISM Index on Monday, ADP Employment, the Trade Balance, Factory Orders, and ISM Services on Wednesday, Initial Jobless Claims on Thursday, and Decembers jobs data, Wholesale Inventories, and Consumer Credit on Friday.
