Due to some technical difficulties, there will not be any post this weekend. Thanks for your consideration.
After two weeks of terror, US congress managed to resolve issues at hand "for now" and market rally continued. Earnings season is underway and will be a key factor in driving this rally further. Any disappointments will be an excuse for a pullback as market appears to be extended at these levels. How far will this rally continue!!!
Its been two weeks, US government is in partial shutdown mode as jokers in Washington DC are NOT able to reach an agreement about US budget deficit. On Thursday, last week came a news about possible break through between two parties and market rallied for two days and October 17th is the deadline. Whats in store for us?
Market gave up all the gains in last two weeks, which can be considered as a BULL trap and now in consolidation mode. Ongoing government shutdown and US debt ceiling debacle ahead of us is making investors jittery. Market seems to be in a holding pattern and taking "wait n watch" approach. What shall we expect in coming weeks!!!
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!!!
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