The markets reacted positively to the temporary budget resolution from Congress. The agreement ended the federal furloughs. Although the budget compromise was welcomed and the initial reaction was positive, the budget fiasco is far from over. Congress will now move forward to finalize the budget issues by February. As a result of the initial positive news, this past week was capped with positive gains across all indices.
Reports this week include: Existing Homes Sales (10/21), Non-farm Payroll and Unemployment Rate (10/22) and New Home Sales (10/24).
Reports this week include: Existing Homes Sales (10/21), Non-farm Payroll and Unemployment Rate (10/22) and New Home Sales (10/24).
Some of the major earnings announcements on deck: McDonald's, Halliburton, Boeing and Caterpillar.
$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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