What will markets be watching in the week ahead
1) NAHB Housing Market Index
The economic calendar is light in the week ahead and that’s true on Monday as well as the NAHB data vies with the Empire Fed for attention. I’ll be more focused on housing because — as Harker warned Friday — there are signs that US house prices are accelerating. I believe 2017, 2018 will see larger-than-expected US house price rises and that’s what’s likely to keep growth strong.