Daily Delphi

Post: Tuesday - The begining of the end? | Daily Delphi

BlogsPit Talk › Tuesday - The begining of the end? December 17, 2013, 6:50 am

TODAY'S ACTION
7:30AM CT
CPI
Forecast 0.1% Prior -0.1%
Current Account Balance Q3
Forecast -101.0B Prior -98.9B
9:00AM CT
NAHB Housing Market Index
Forecast 55 Prior 54

Today the Fed begins its two day policy meeting. Market consensus is slightly favoring a delay in the tapering decision until sometime in the first quarter of next year but with the budget process on track and the recent positive economic numbers some believe it could come as early as tomorrow. With that in mind today's CPI could still be a swig factor in Big Daddy's decision. Trade strong.

MONDY RECAP
The S&P 500 settled higher by 0.6% snapping its four-day losing streak. Despite yesterday's gain, the benchmark index remains lower by 1.1% for the month of December. All of the upward action came in the first 30 minutes of trade after that point the equities chopped around the rest of the day. Jan WTI also closed up +.88 at 97.88 and February gold settled up +9.8 at 1244.4.


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