Here's A Quick Guide To This Week's Big Market-Moving Events
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Last week saw a crazy full schedule of economic data accompanied by market volatility. This week has much quieter calendar.
"The first important data release does not arrive until Thursday, when we get May retail sales," said Deutsche Bank's Joe LaVorgna.
Talks of a "taper" have also been put off giving investors and traders a few days to gather their thoughts and reposition their portfolios before the news flow picks up again.
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Talks Of A "Taper" Are On Hold: The big buzzword in the markets and the economy lately has been "taper." This is the prospect that the Federal Reserve could soon start reducing, or "tapering," its bond-buying program, which would potentially cause interest rates to rise and pressure the economy. However, Friday's good May jobs report was just bad enough to put any speculation of a near-term taper on hold.
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