The third quarter was a dud for stocks, but the fourth quarter could be full of surprises

, and some strategists see her benefiting from any negative news on Hunter Biden's dealings with a Ukraine gas company. Emanuel said if Warren continues to gain, that may encourage China to move forward with a trade deal with Trump, for fear making a deal with Warren would be more difficult.

There are also a number of Fed speakers scheduled for next week, including New York Fed President John Williams; Kansas City Fed President Loretta Mester, and Boston Fed President Eric Rosergren. "The likelihood is long-term yields move higher, and you could see some form of switching out of bond exposure and into stock exposure. That type of embracing of the stock market is typical of final innings," for markets, he said.

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Micron slumps after reporting sales decline, cutting profit forecastThe company beat analyst estimates for the fourth quarter, but noted that the trade war and slowing demand will likely hit its bottom line in 2020.
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