Stocks Plunge on Greenland Crisis and Soaring Bond Yields

The market’s focus this week will be on economic news and any fresh tariff developments, the next Fed Chair, and Greenland. On Wednesday, Dec pending home sales are expected to fall -0.5% m/m. On Thursday, initial weekly unemployment claims are expected to climb by +12,000 to 210,000. Also, Q3 GDP is expected to be unrevised at +4.3% (q/q annualized). In addition, Nov personal spending is expected to be up +0.5% m/m, and Nov personal income is expected to rise +0.4% m/m. Finally, the Nov core PCE price inde ...