The tax package that averted the fiscal cliff will significantly lower the deficit, but at what cost to economic growth?
This week should be a good time to ponder what we all learned this summer and what this means for investing going forward.
Last week saw the sixth consecutive weekly loss for the stock market, with the S&P500 now down 6.8% from its late-April peak.
Once again this week, markets will focus on events far from both Wall Street and Washington.
In the thick fog of our national pessimism, only the lowest-toned tales of impending doom find any resonance.
The next three weeks could set the tone for financial markets for the rest of the year
This week should be dominated by economic numbers and, in particular, the September Jobs report due out on Friday
Last week the U.S. stock market rose for the fourth week in a row.
In his widely-anticipated speech in Jackson Hole, Wyoming last Friday, Fed Chairman Ben Bernanke stated that the Fed was “…prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly.”
