GDP, Housing and Consumer Data Dominate the Week Ahead

Fed President Janet Yellen’s Jackson Hole speech was largely in line with FOMC minutes, continuing with the transparent course of policy. Market reaction was relatively muted, although traders are turning their attention to the interest rate debate and equity-related names. For the Week Ahead, Peter Costa of Empire Executions, tells TheStreet’s, Jill Malandrino, he expects more of the same range bound, upward grind action. Global conflicts don’t seem to be moving the needle, and with a very quiet earnings calendar next week, headline moving events will be derived from economic data, particularly GDP, Housing and Consumer Data. Beyond the Week Ahead, Costa is looking to the performance of Retail stocks following the key Back-to-School as a read into consumer spend and how Holiday 2014 is setting up.