The dominating news this past week was the much anticipated announcement regarding the Feds tapering. Once the Feds announced they would maintain status quo, the market expressed its content with a significant rally over the course of several days.
With the tapering on the back burner for now, the newest concern is the drama in Washington surrounding the budget. There has been a great deal of positioning and posturing and while no compromise seems apparent, there is hope a resolution will be found. If not, a federal shut down could occur October 1st. Additionally, the second major concern is the debt ceiling. If not raised, it could lead to a default.
Reports this week include: New homes sales (9/25), Initial Claims and GDP (9/26), and Personal Income (9/27).
With the tapering on the back burner for now, the newest concern is the drama in Washington surrounding the budget. There has been a great deal of positioning and posturing and while no compromise seems apparent, there is hope a resolution will be found. If not, a federal shut down could occur October 1st. Additionally, the second major concern is the debt ceiling. If not raised, it could lead to a default.
Reports this week include: New homes sales (9/25), Initial Claims and GDP (9/26), and Personal Income (9/27).
Some of the major earnings announcements on deck: Bed Bath and Beyond, Carmax, CVS, Carnival and KB Homes.
$tockMarketDirection is in a Bullish Posture. We strongly encourage our many bloggers/followers to monitor positions closely, exercise proper money management strategies and to monitor $tockMarketDirection for ALERTS that we may issue advising of a change in our current bullish posture. Cha-ching.
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