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?
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?
Market experienced sharp sell-off earlier this month and appears to be bouncing back. Earnings season is behind us and guidance from many companies is NOT good. FED taper talks are in the air, however housing stats are NOT looking good and debt debacle is ahead of us in September. So what shall we expect in near term?
Market was consolidating near HIGHs for past two weeks and finally we have the outcome. It appears to be entering into a correction now. Earnings season is over and guidance was not good which poses further downside risk. Also FED taper talks along with Debt ceiling debacle will weigh on the market in coming weeks.
What shall we expect in near term!!! Market is trying to find a catalyst in last three weeks and unfortunately earnings season was NOT able to provide one. Instead, earnings are NOT good and guidance appears to be very cautious. In addition to that we have "Taper Talks" in the news along with debt ceiling tough-of-war ahead of us in September. BUT for now congress is enjoying vacation hence market may continue to linger near current levels. What does this mean for us?
Market continues to grind higher every week, earnings season is winding down and guidance is not impressive, Fed continues to deliver market friendly news and anyone sitting on the sidelines (not invested in market) is getting extremely frustrated with the feeling of missed rally. Well lets not forget, debt debacle will be upon us in month of Sept and 10 year treasury yields are rising faster than Fed thought. What does this all mean for us?
Are you financially healthy?
This section provides us with enough information to check our financial health and take appropriate steps pro-actively there by avoiding any surprises at later stages. We hope it will help to plan financially well ahead of time... Market is challenging OLD HIGHs and has violently snapped back in this month. No one was expecting this rally which was caused due to FED comments and earnings season. However, earnings is winding down and market has been ignoring cautious guidance provided by companies for rest for the year. Whats in store for us?
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