Last week I predicted a market focus on Syria, expecting President Obama's Tuesday evening speech to be the focal point. My concept was correct, but events moved even more swiftly. The market celebrated as the chance of military action diminished. This week's theme is easy to predict: It is all about the Fed. Will Bernanke […]
In last week's prediction for the week ahead my streak I guessed that the main theme would be whether we had dodged the bullet on the matter of a correction. This proved to be pretty accurate, despite news about China, the Bernanke testimony, and some big earnings numbers. This week we have very little economic […]
In last week's prediction for the week ahead my streak of good guesses came to an end. I had the temerity to suggest that market focus might finally be moving beyond the Fed policy/QE debate and turning to corporate earnings. While earnings provided some important stories, the biggest news came when the market ignored the […]