Thanksgiving Week is here, meaning a short week for the stock market, which will be closed on Thursday and have abbreviated hours on Friday. Even on the days the market is open, volume is expected to be fairly low.
But that doesn't mean there won't be news made. Lower volume means greater opportunity for volatility, so we could see some sizable overall swings in the major indexes. In addition, the usual week's worth of economic reports will be squeezed into the first three days of the week, so the market's reaction to those pieces of news will be compressed as well.
We'll see new consumer confidence numbers on Tuesday, and the Fed's minutes will be released, a day earlier than normal. Then on Wednesday, we'll have durable goods and new home sales figures, plus the new jobless claims, which will also be arriving a day earlier than normal.
That adds up to the possibility of some wild swings on the indexes. But the lower volume means they will likely not be worth paying attention to - even moreso than usual.
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