Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• At 8:30 AM, POSTPONED Retail sales for December is scheduled to be released. The consensus is for a 0.2% increase in retail sales.
• At 10:00 AM, The January NAHB homebuilder survey. The consensus is for a reading of 57, up from 54. Any number above 50 indicates that more builders view sales conditions as good than poor.
• At 2:00 PM, the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.