Markets rallied hard following the Fed’s interest rate decision and removal of ‘patience’ from its communique. TheStreet’s Jill Malandrino says traders will remain focused on the currency and commodity trade, as well as key economic data. The most important number is GDP on Friday, with consensus expecting 2.4%. Other data include New and Existing Homes Sales and several manufacturing reports. The earnings calendar remains light, but there are a few retail stocks reporting that traders will watch to get a read on the strength of the consumer, lower prices at the pump and impact of the strong U.S. dollar on the balance sheet.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
