We believe the Fed will follow what the market is telling us and not tapering would almost be the bigger surprise in our opinion. JAN14 crude oil is down $.84 to $96.66, after not being able to break higher above the $99 level.
Traders have a busy week of economic reports next week including the December FOMC meeting, CPI readings and a number of housing reports.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
CFTC Commissioner Mark P. Wetjen is poised to be voted acting chairman of the top U.S. derivatives regulator within days.