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Aug 25 2014

Equity futures point to a higher open

Market Recap:

In spite of Friday’s minimal losses for equity indexes, markets had their best week since early July, with sectors of the S&P gaining nearly 1% for the week. Better than forecast economic data, strong earnings and an overall improving outlook all helped overcome geopolitical fears. In spite of the gains, investors are advised to exercise caution and stick with their investment disciplines. With the Ten-Year Treasury Yield falling well below 2.4%, overall sentiment is hardly convincingly bullish. While we maintain our expectation of a strong fourth quarter for stocks, we continue to favor more defensive sectors – in particular high-quality dividend paying stocks.

Looking Ahead:

Equity futures are pointing to a higher open on Monday morning, as market participants look forward to a slew of economic reports, including a second look at Q2 GDP data. Moreover, investors seem calmed by a planned meeting between Russian President Putin and Ukrainian President Petro Poroshenko set for Tuesday afternoon local time (roughly 8 AM EST). Rising M&A activity is also helping sentiment, as Burger King and Tim Horton disclose merger talks, and Roche agrees to buy InterMune.

Tune into CNBC this Friday at 3:45 when our President Oliver Pursche joins the team on the floor of the New York Stock Exchange to provide our latest outlook and commentary. And don’t miss Money Matters with Gary Goldberg this Saturday at 2 PM and Sunday at 11 on WOR 710 AM Radio to hear interviews with some of today’s most respected business leaders and our complete market and economic analysis. Visit our website for details.