It's going to be a huge week for news in the US, so the equity markets could be in for a wild ride
It's going to be a huge week for news in the US, so the equity markets could be in for a wild ride. Most importantly, the results of the FOMC meeting will be released Wednesday. Will the Fed end its QE program as planned? How will the language change? Even minor changes could make a big difference in market sentiment moving forward. From an economic standpoint, there's the durable goods report, which will shed additional light on the state of the economy. Crude oil is also sitting at a key price level around $80. A sustained drop below the current price could negatively impact shale oil drilling, which typically has a breakeven point between $70-$80 per barrel. And let's not forget, we're still in the heart of earnings season. Twitter (TWTR) comes out after close today, Facebook (FB) is released tomorrow after close, and Starbucks (SBUX) earnings are later in the week. Clearly, there will be plenty for investors to digest this week.
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
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