The Week Ahead...

This week's numbers are front loaded with the Christmas holiday on Thursday. Data for three key sectors post-housing, consumer, and manufacturing. While the consumer sector has been gaining moderate traction, the other two have been oscillating near flat trends. For the consumer, the key report is personal income-spending will be key and the Fed will be watching inflation which has been running low. For manufacturing, the notable release will be durables orders. For housing, existing home sales, new home sales, and FHFA home prices hit the wires.