Stocks Little Changed Despite a Fed-Friendly US Core CPI Report

The market’s focus this week will be on economic news and any fresh news on the Federal Reserve. Later today, Oct new home sales are expected to fall -10.6% m/m to 715,000. On Wednesday, Nov PPI final demand is expected to increase +2.7% y/y, and Nov core PPI is also expected to climb by +2.7% y/y. Also, Nov retail sales are expected to have increased +0.5% m/m and +0.4% m/m ex-autos. In addition, Dec existing home sales are expected to climb +2.2% m/m to 4.22 million. Finally, the Supreme Court on Wednesda ...