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Sep 25 2014

Investors put their “Buying Hats” on

Market Recap:

Stocks started the day off in a steady fashion on Wednesday before investors decided to put their “Buying Hats” back on and drive major indexes to climb about ¾%. Utilities were the sole sector in negative territory as Healthcare and Consumer Discretionary shares rose more than 1%. Commodities were generally stronger as well, while the US dollar index and Treasuries remained relatively flat.

Looking Ahead:

In early morning pre-market trading equity futures are showing little volatility. This could change with Nike (NKE) earnings being released later today and two Fed officials speaking in the mid-morning and early afternoon. We expect markets to remain range-bound ahead of the third-quarter earnings reporting season which kicks off on Tuesday October 8th, a short two weeks from now.

Make sure to tune into Money Matters with Gary Goldberg for a special ½ hour show this Saturday morning at 7:00 AM on WOR 710 AM Radio as well as this Sunday at our regular time 11:00 AM. Visit our website for details.