Despite the shortened trading week, overall market volatility should remain high this week with the release of various economic data.
On Tuesday, the Federal Reserve Bank of New York releases its Empire State Manufacturing Survey, a monthly survey of manufactures in New York State. On Wednesday, both building-permit and housing-start numbers for the month of January will be announced. Wednesday also sees the release of the minutes Federal Open Market Committee's latest interest rate meeting. On Thursday, we'll get the initial jobless claims number for January and the
, which measures changes in prices received by domestic producers for their output. On Friday, we get the core
, which measures changes in prices paid by consumers.
Couple all of this with several important earnings announcements and the inherent volatility historically associated with options expiration week, and you could see large intraday swings.
That is why I set up this week's
, with the goal of capturing some volatility.
To read more,
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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of
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and the author of
Trade Like a Hedge Fund
Trade Like Warren Buffett
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
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