Incredibly, the DOW actually finished UNCHANGED!
But, fear not, the markets will break out of this narrow range as POWELL testifies or the Chinese decide it's time to
stop teasing and get down to serious PHASE ! wrapping up. Phase 1 could be almost nothing - that's why it is merely a phase and only the first of 5 or 10 or many more phases.
Federal Reserve Chairman Jerome Powell will testify before the Joint Economic Committee tomorrow on the Fed's economic outlook.
The Bureau of Labor Statistics also reports the consumer-price index for October. Expectations are for a 1.7% year-over-year rise, with the core CPI, which excludes volatile food and energy prices, seen rising 2.4%. Both estimates would match the September data.