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.
Stocks could struggle to find firmer footing Wednesday, as the debate about the merits of more Fed easing continues to swirl.
Stocks may take a breather after the past week's drama, as investors assess the new political dynamic in Washington and the effects of the Fed's latest effort to pump up the economy.
The October employment report is not expected to show much in the way of new job growth, but the euphoria over Fed easing may trump any concern in markets Friday.
The Fed's decision to pump more money into the economy will keep the dollar under pressure and should continue to add fuel to the risk rally.
Tuesday's markets await the outcome of mid-term elections that are likely to bring a tighter fist to Congress, just as the Fed is ready to loosen its grip and wave on another round of easing.
The mid-term election and the Fed's November meeting should clear away some uncertainties hanging over markets but may also lead to a new period of heightened volatility.
Stocks are pricing in political gridlock, and any upset to the view that Republicans take the House in midterm Congressional elections could tilt the market either way.
While markets worldwide obsess about the outcome of the Fed's November 3 meeting, Wall Street pros are handicapping how stocks and sectors might perform based on the outcome of the November 2 congressional midterm elections.
U.S. stocks have some negatives tugging at them, not the least of which are the Shanghai "panda bear" market and a commodities rout.
Take a look at some of Monday's after-hours buzz: Baidu, Knowles, Darden & more
China's stock market selloff is unlikely to slow the Fed's path to rate hikes.
Materials, energy and industrials are very stretched on the downside. A typical quant would look at this as a potential buy signal.
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.
Evelyn Cheng is a markets writer for CNBC.
Sara Eisen is a correspondent for CNBC, focusing on currencies and the global consumer.