Trade, consumer data lead calendar
Bryan McCormick | firstname.lastname@example.org
There are two reports on the economic calendar--international trade and consumer sentiment--with the latter likely to draw the most market attention.
International Trade will be released at 8:30 a.m. ET. The trade gap is expected to come in little- changed, at -$43.5 billion. The range is from a gap of -$46 billion to -$40.3 billion. Unless the gap is significantly larger or smaller than this range, it isn't likely to have much impact.
The Reuters/University of Michigan Consumer Sentiment Survey come out at 9:55 a.m. ET. The expectation is for sentiment to rise to 66. The range expected is from a bearish 63 to a bullish 68.
Caution shown in consumer fund
November 30, 2015
Traders are buying puts that are timed to match the end of the holiday shopping season, during which some companies may pre-announce quarterly results.
Caution reigns in consumer space
November 13, 2015
The SPDR Consumer Discretionary Fund is the worst-performing of the major ETFs that track broad market sectors, hurt by weak retail numbers.