They say price cuts helping out. That news down under, australian employers cutting over 22,000 jobs last month. The us trillion dollar goes to a threeyear low. People talking about the possibility of rate cuts. Ecodata in the united states, we get our own cpi, expected to show little change. Will it be a big deal . Everyone wants to know if we will have disinflation continues here. Maybe we will get some answers will stop initial jobless claims this morning. Betterre we feeling about things . We get another reed at 10 00 from the Philadelphia Fed is this outlook. How are homebuilders faring these days . The Housing Market index is out. The big one, ben bernanke, he speaks at the Brookings Institution, probably his last speech before he departs. It is called lessons for central bankers. Earnings, Everyone Wants to know what Goldman Sachs did. There are out at 7 30. Citigroup at 8 00. The worlds biggest, blackrock, reported about 30 minutes, and argo. Lock buster numbers. 30 nsensus was
It is time to heed the call of business leaders, labor leaders, faith leaders, and Law Enforcement and fix our broken immigration system as for the market trading could get tricky today. With an annoucement coming from the fed later today. Stocks made a turnaround yesterday ending a 3 day slide. The dow rallied 91 points, the nasdaq 14 and the s p 11 gold dropped 10 and oil revved up 1. 52. Herbalife is back in the spotlight. Shares fell 1. 50 yesterday on a report canadian regulators are probing allegations the company is operating a pyramid scheme as the company has rejected such claims. Winter woes hit the south. Hundreds of flights are cancelled. And some cities could come to a stand still during a deep freeze. Larry shover of sfg alternatives is on top of the Market Action for us today. Good morning larry we are on fed watch. What do you anticipate . I dont anticipate much of anything. I think its been well telegraphed that 10 billion a month of tapering and that theyre gonna be d
Were taking a look at how the president ial cycle affects the stock market. Is this something you closely follow scott . Not as a trader on a dayto day basis but if you look historically dating back probably 7080 years, this actually does make sense. There is absolutely a pattern to how the market works during the cycle. You look at it and the year before the election and the third year into the president ial cycle have historically been the two best years of the cycle to be in the market. Not only on the upside but also those are the years with the least amount of decline. That makes sense. You havethe year before the president takes office, its election time and everyone is positioningboth democrats and republicanswhat theyre gonna do for the economy, what theyre gonna do for taxes. Its more of a feel good issue. Once they get into Office Things seem to calm down a bit. In fact, the first and second years after the president being in office are historically two of the least advantage
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