On Tuesday, the second day of spring, February U.S. existing home sales are due out at 9 a.m. CDT. The Federal Reserve begins its two-day meeting with a lot to talk about, but no decision to announce until Wednesday. Traders will continue to monitor weather forecasts and will remain touchy about any new events in the financial sector.
Weather
The first in a string of storms is moving into the Plains Tuesday, bringing scattered showers to the southeastern Plains into the Midwest and Delta, and a batch of snow to the Northern Plains. Winds again will be breezy for the Southern Plains, which will continue to draw out what available soil moisture exists for areas that are going to stay dry in this active pattern. Speaking of which, the next storm system in the series is moving into California, which will make for two more storm systems for later in the week.