What to Watch in the Markets After Memorial Day Weekend

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What do you need to watch in the markets next week?

One big headline that has the potential to impact the markets is the Hong Kong situation.

So, let's recap what's going on.

Chinese officials have said they're ready to bring new legislation to the National People's Congress, which begins this week, which would give Beijing more control over security in the semi-autonomous region of Hong Kong.

"So Beijing is dispensing with any pretense that Hong Kong governs itself. It says it got 'frustrated' with waiting for the proper legal process to occur. It would be, I suppose, similar to the federal government bypassing states altogether and writing a sedition law, perhaps with capital punishment, directly into the state constitution of all 50. It would mean the end of any power for state governments," wrote Real Money's Andrew Frew McMillan in a Real Money column about what the news laws would mean for Hong Kong.

Read more here. 

Kenny Polcari, senior market strategist at Slatestone Wealth, joined TheStreet to talk about what he's watching next week.

Watch the full video above.

You can follow Katherine Ross on Twitter at @byKatherineRoss.

Read more from Katherine Ross here.

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