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Dec 22 2014

This Week’s Market Moving Events

Market Recap:

Stocks ended the week near all-time highs, as a Fed induced rally whipped out any losses created by anxiety over the future of monetary policy. A commitment by the Fed to remain dovish and erring on the side of caution when it comes to raising interest rates, along with strong economic data, recognition that lower oil prices are broadly positive and the expectations of continued strong earnings growth all put Bulls back in charge. All sectors of the S&P rose last week, as did commodities and Treasuries.

Looking Ahead:

Expect trading volume to be light during this holiday shortened week. An absence of economic news and year-end portfolio positioning could bring some added volatility, but we generally expect muted sessions until January 5th 2015.


 

This week’s market moving events:

  • Monday: Existing Home Sales
  • Tuesday: Final Q3 GDP read, Durable Goods orders, New Home Sales, Richmond Fed Manufacturing Survey
  • Wednesday: Mortgage Applications and Jobless Claims.

 Merry Christmas, Happy Holidays and best wishes for the New Year.