The Week Ahead...

Weakness in Monday's manufacturing data, which includes the ISM, should be a no-surprise beginning to what is a heavy weak for economic data. Tuesday will include data from the much stronger consumer sector, highlighted by December vehicle sales. FOMC minutes, which will detail the debate for last month's liftoff move, will steal Wednesday's headlines which however will also include an update on trade and whether exports are continuing to contract. The week's biggest news will be Friday where the Econoday consensus for nonfarm payroll growth is a very solid 200,000, a gain that would confirm the economy's strength and also perhaps the wisdom of the Fed's rate hike.