Getting Ready For The Data Dump

The US equities markets very fairly volatile again today as the markets absorbed the potential impact of economic data reported in the morning. Unemployment claims were down more than expected, and the trade balance improved as well. Other data was somewhat mixed, but given the FOMC’s emphasis on data driven decision making on interest rates, the data was mostly solid. However, the markets still discounted this with respect to the US dollar, treasury bonds and gold. The dollar was down while treasuries and gold were up, a scenario consistent with expectations of slowed rate hikes. However, the markets traded in a wide range overall as other events seem to have impacted the markets. Here’s what to expect.