Economic data coming up
The consumer in the US has been smiling for a couple years but after the tax cut, they should be downright giddy.
This week’s FOMC minutes pointed to residual seasonality as one of the reasons for the poor showing so far in Q1. If sentiment picks up further or even holds at high levels, that should be a sign that there is nothing to worry about.
The consensus is a small dip to 100.5.
As for JOLTS, it’s expected to dip to 6024 from 6312 after an outsized jump in January.