I love the need curve. Supply and demand be damned! Anyway, this week will be fairly light on economic news that may affect the market. Tomorrow, the FED minutes come out at 2 pm. Let the word parsing game begin. Who knows what the floor traders will come up with to spin those minutes. Whatever they decide, I believe that it will be the mood of the moment and not a trend (meaning a one-day move and not changing the uptrend).Then, on Friday, the PPI comes out in the morning. That will definitely set the tone for the market on the last day of the week and set up what will be a more important week in earnings next week.
I do not expect AA earnings or anyone else's for that matter (well, maybe Costco) to have impact to the market this week.
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