By: Patti Domm Executive Editor
Stocks should trend higher in the coming week and are in easy striking distance of a new high for the year.The quadruple options expiration on Friday could add a flurry of volatility, but investors should take encouragement from a recent batch of better economic data that has some economists ratcheting up forecasts for fourth quarter growth. JPMorgan, for one, raised expectations for fourth quarter GDP growth to 4.5 percent from 3.5 percent after upside surprises in inventories, net exports and retail sales.In the coming week, the Fed holds its final meeting of the year, and inflation data, industrial production, jobless claims and housing reports will dominate the economic news. Traders say stocks could meet little resistance in their upward climb, barring no new nasty surprises, like the Dubai World debt restructuring. They also expect the coming week will see even fewer players participating in the markets ahead of year end.
http://www.cnbc.com/id/34386608
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