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All traders want in the final week before Christmas are tame inflation data to spark a rally.
"We are seeing a dissipation in tax-loss selling, so as long as the inflation numbers are in line, we could see a small Santa Claus rally before people head home for the holidays," says Larry Wachtel, senior market analyst for Wachovia Securities.
The producer price index for November will be released on Tuesday. According to Thomson First Call, economists predict the PPI will fall 0.4%, reversing the gain of 0.7% in October. The core PPI, which excludes food and energy, however, is expected to rise 0.2%, compared with a drop of 0.3% the prior month. ...
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