The week ahead

Next week, will be quite heavy in term of economic news. On Monday morning, we start with retail sales then on Thursday and Wednesday we have PPI and CPI. In addition to that, we will also have housing data as well as the Empire survey and the Philly Fed.

But the big question is, will the credit market tremors continue next week or have we stemmed the flow for now? Last week, the market was roiled with bad news from everywhere (ie: investors, banks, lenders...) to the point that the FED and the ECB had no choice but come in the market and lend money in order to avert a liquidity crisis. For now, the market seems to have taken the bait and calmed down but what does the future holds , we don't know.