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Why This Former NYSE Trader Is Eyeing Western Digital Earnings, FOMC Meeting

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Next week has a full slate of economic data and earnings. 

We'll hear from companies such as Tesla  (TSLA) - Get Tesla Inc Report, Western Digital  (WDC) - Get Western Digital Corporation Report, Microsoft  (MSFT) - Get Microsoft Corporation (MSFT) Report, MasterCard  (MA) - Get Mastercard Inc. (MA) Report, etc. 

Stephen "Sarge" Guilfoyle, Real Money contributor, joined TheStreet to break down what he expects from the data and earnings next week. 

"Okay, it's a tough week. It's a busy right now it's maybe not a tough week, but it's going to be a busy week so you really need to strap them on. You need to need a buckle that chin strap and get ready cause I've made a little list for you folks. All right, let's go to the tape. All right. We start out with new home sales. Now, that's Monday. You guys, saw what's happened with existing home sales, with housing starts. Housing's on fire. The U.S. consumer is defending this economy. This is important stuff. Tuesday we'll go to durable goods and Case-Shiller. Home prices also very important. Wednesday the FOMC. All right. Now commentary around that is going to be huge regarding the balance sheet expansion program and regarding the overnight repos. This is a big deal because a misstep in wordage or in verbiage here will put into motion a taper tantrum that I feel will be worse for the markets than any virus or any lack of earnings growth," said Guilfoyle.

Watch the full video above for more.

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