After a drastic one day move to NEW HIGHs in last two weeks, market has given up all the gains and desperately trying to find support. Current market appears to be news driven and unless appropriate solution is found for Government shutdown and Debt ceiling, we shall experience immense volatility in weeks ahead. Also earnings season will be upon us in next two weeks. What shall we expect ahead of us!!!
Market is back at making NEW HIGHs after FED announcement, BUT can this rally continue any further! Now that FED policy decision is out of the way the spotlight is on US Debt ceiling debacle. Expect lot of volatility ahead in lieu of political drama in coming weeks. What should we be prepared for?
In last two weeks, market has managed to climb back near OLD HIGHs and has been consolidating for few days. Now that Syrian War is NOT likely to happen, Where are our markets headed and what shall we expect!!!
Market managed to bounce last week, however we have many hurdles ahead of us. Historically month of September is considered bearish for markets hence be cautious as we might get lot of zig-zag action with wide swings due to too many uncertain situations. What shall we expect in near term?
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