Patti Domm is CNBC executive news editor, responsible for news coverage of the markets and economy. Prior to joining CNBC in 1999 as senior news editor, Domm was the equities editor for the Americas at Reuters. She was also Wall Street editor at Reuters, reporting on mergers, acquisitions and the Street. She also edited three CNBC books on personal investing. Domm serves on the board of the Financial Womens Association of New York.
Odds are good that stocks will ride out the final week of the year on an upswing that could continue into early January.
The VIX hovers near its low for the year, and the stock market trades near its highs. On the surface, those kinds of moves may make you feel good about the stock market rally. The low VIX — a sign of low volatility — may even make you feel a little bit complacent. But some traders watch this type of scenario as a possible warning sign. There is, of course, the old Wall Street saying: "VIX low. Time to go."
Stocks should trade quietly as investors sit out until the start of the new year. Economic reports on home sales, jobs and manufactured goods in the holiday-shortened week are coming—and everyone will be watching retail sales.
Bernanke is expected to renominated into office on Thursday, but he has his critics; some who have blasted Time's magazine's choice of the Fed Chief as "Person of the Year."
Stocks could chop around and rack up more losses in the week ahead, with the next wave of corporate earnings reports.
The reairing of TVB’s “The Greed of Man” may see a resurgence of the “Ting Hai effect” that causes a pullback in the Hang Seng.
Names on the move ahead of the open.
Friday's March consumer price index is important as it is one piece of data traders say could change assumptions on Fed policy.
Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
Senior Producer at CNBC's Breaking News Desk.
Dominic Chu is a markets reporter for CNBC.