Week Ahead: New Bulls Running With the Herd Drive Stocks Higher
"Fed minutes could be more interesting"
In addition to data, the Fed will release the minutes of its last meeting Wednesday afternoon. "The Fed will release its new projections, so that will be quite interesting to see what the Fed does exactly. We would expect them to lower their unemployment rate forecast a bit, and perhaps edge up on the growth forecast," Maki said.
Fed Chairman Ben Bernanke speaks in Paris on global imbalances and financial stability Friday morning.
CRT Capital chief Treasury strategist David Ader said the bond market's focus will be on the Fed's market purchases of Treasurys, under its quantitative easing program. The Fed is expected to be in the market every day in the coming week.
"I think the Fed minutes could be more interesting than they typically are. When Bernanke spoke two weeks ago to Congress, he said the same thing, When he spoke this week, there was a shift. He was a little bit more optimistic. He referenced accommodation in a different way," he said.
Monday's earnings released include Marriott, Masco, FMC, Diebold, MGM Resorts and Agilent.
Barclays , CIT, Qwest, Sirius XM Radio , Omnicom, Watson Pharmaceuticals, Marsh an McLennan and Warner Chilcott report Tuesday morning. Dell , Analog Devices and Tesla report after the bell Tuesday.
Wednesday's reports include Comcast , the parent of CNBC, Cablevision, Dean Foods, Genzyme, Devon Energy, Owens Corning and Deere . CBS, NetApp, Nvidia and Cliffs Natural Resource report after the bell Wednesday.
Apache, Barrick Gold, Dr. Pepper Snapple, Duke Energy, PG&E, Williams Cos, Waste Management, and JM Smucker report Thursday morning, and Nordstrom , Intuit, CF Industries, Clearwire, and SunPower report after Thursday's close.
Campbell Soup, Calpine, Brookfield Asset Management and Pinnacle West report Friday.
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