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What to Watch

MARKET INSIGHT
  • Markets taking new Covid variant variant (BA.2) in stride as East Coast battens down the hatches ahead reported "bomb cyclone" headed there way.
  • Alert for Russia/Ukraine headlines: Pentagon press sec Kirby warns "Russia invasion could be imminent", CNN.
  • US President Biden speaking on supply chain and infrastructure at 1400ET
  • US data roundup at 0830:
    • Personal Income (0.4%, 0.5%)
    • Personal Spending (0.6%, -0.6%)
    • PCE Deflator MoM (0.6%, 0.4%); YoY (5.7%, 5.8%)
    • PCE Core Deflator MoM (0.5%, 0.5%); YoY (4.7%, 4.8%)
    • Employment Cost Index (1.3%, 1.2%)
    • Up at 1000ET: U-Mich consumer sentiment (68.8, 68.7)

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