The coming week will see news flow slow down meaningfully, w/the US observing Thanksgiving on Thurs (US equities markets are closed on Thurs and will close early at 1pmET on Fri).
For the Fed/Treasury, all eyes will be on the auctions Mon-Wed (2s Mon, 5s Tues, and 7s on Wed) given the back-up in yields and the last round of sales (recall the last auctions, on Nov 8-10, were relatively sluggish, esp. the 30yr).
In addition to the auctions, all eyes will be fixed on the FOMC minutes, due out Tues afternoon (2pmET). Given all the recent debate about how much conviction Bernanke & Co have for completing the full $600B QE2, investors will be parsing the language carefully to detect any wavering in resolve.
Away from the Fed, there are a bunch of earnings releases to keep an eye on. The last of the Oct-end tech earnings will come Mon, w/ADI, BRCD, and HPQ esp. in focus. Away from tech, people will be watching MDT Tues morning and DE/TIF on Wed morning.
On the economics front, for the US people will be watching housing (existing homes Tues and housing prices on Wed) and GDP (we will get the first revision of the US Q3 GDP). In Europe, we will get the Nov PMIs on Tues Nov 23 (the US Nov PMIs won’t hit until Wed Dec 1). The next US jobs report will come on Fri Dec 3.
