A slew of data is due out in the U.S., though the highlight of the week will be the Federal Reserve's monetary policy meeting on today and Wednesday. A rate hike is expected, so market participants will be looking for any indication of the future path of the policy rate for 2019. (LPL)
After Monday's decline, the Russell 2000 benchmark is now down 20 percent from its all-time high hit in late August. Small caps had outperformed their large peers earlier in the year.
According to the National Association of Home Builders Housing Market Index, homebuilder sentiment declined in December to 56, the lowest point since May 2015.
The index has plummeted nearly 20 points over the past year while potential buyers hesitate to purchase new homes even as mortgage rates have pulled back in recent weeks. (CNBC)
Nothing says Christmas like Kentucky Fried Chicken. The fast food chain introduced the 11 Herbs & Spices Firelog from Enviro-Log. The yule log is guaranteed to make your home smell like fried chicken. The yule log can burn up to three hours and sells for $18.99. (Yahoo)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.