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.
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