I just checked the economic calendar, and this week there are quite a few events that could move the markets. On Wednesday, the durable goods orders data and the Fed minutes will be released, which always generate volatility. But what we're all waiting for is Friday with the December PCE, that consumer spending index that the Fed constantly monitors to make decisions about interest rates. In addition to that, there will be about 10 Federal Reserve speaker events scattered throughout the week, and nearly 15% of S&P 500 companies will report earnings. Honestly, between the PCE and corporate earnings, volatility could be quite high. We need to stay alert for any surprises in those numbers.

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