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This week’s setup for a Santa Claus Rally climax

This week is jam packed with events that could drive the market higher (or not).

Tuesday:
- NFIV Business Optimism index- a score above 103 would be positive.
Wednesday:
- Consumer Inflation report- likely 2%.
- FED’s final 2019 FOMC meeting- expect continued dovish tone with no rate increases.
Thursday:
- New European Central Bank president Christine Lagarde first press conference- happy talk about continued easy money and support for fiscal spending would be well received.
- UK election- a large majority (either way) might help to reassure markets that BREXIT will finally be resolved.
Friday:
- Retail Sales report- expectations are low, so a good number could move the market higher.
Sunday:
- Deadline for next round of tariffs to be imposed on Chinese products. Today Reuters reported that, “Beijing hopes it can reach a trade agreement with the United States…”- expect “the can” to get kicked down the road…again!