Monday Market Outlook: An Open Week in Equities

Don't be discouraged by the negative tone of futures activity this morning, says Lichtenstein. "[Futures are] actually holding their own relative to Friday's range, so we're not not in any severe territory here. I think as long the S&P can hold levels up above 1220 and 1200, we're in pretty good shape."

Lichtenstein expects somewhat of a quiet week, perhaps one in which equities will have shown decent performance by the time Friday rolls around. "We don't have much in terms of market-moving activity as far as economic data. We've got CPI/PPI coming out later in the week. We'll be waiting [on details] from the Fed meeting on Tuesday as well."

So not much on the docket this week, it appears, in terms of market catalysts. Still, it makes sense to keep on eye on the ever-useful dollar index and the price of Treasuries, which will signal money flows in and out of risk assets like equities.