This is the first post in a new series from Kevin Martini of Homebanc.
THIS WEEK (1-8 to 1-12-07)
So…what will happen this week? In terms of economic news, the week ahead will be fairly slow, until Friday’s potentially high impact Retail Sales Report. And whenever the market lacks economic reports and data to trade on, technical indicators like historic highs, lows and trend lines will generally take center stage. The great news is the technicals are on our side.There will be 5 reports this week that may effect rates. The 3 big ones are Initial Jobless Claims (1/11/2007)…Retails Sales & Retail Sales ex-auto (1/12/2007). It is my opinion that Fridays reports will have the highest impact.
Kevin
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