Unfortunately its not all earnings weve got to deal with next week. So whats your game plan . Let me show you mine. Ive been saying that the fed is prepping us right now for a december rate hike, a big reason why this market cant get out of its own way and feels so sloppy. More on that later. Now, fed vice chairman Stanley Fischer will speak monday, and hes been a major rate hike proponent. I bet his new speech will cause this market to get hit. Time hes opened his mouth in 2016. But fischers words will inevitably help some stocks, notably the banks, which benefit from higher rates, and bank of america reports monday morning. The stock has been advancing of late, was up nicely today. Even though its still dirt cheap, i have to wonder if bank of america has gotten ahead of itself thanks to the excellent earnings today from jpmorgan and citigroup. Some terrific pin action in all the banks today. If bank of america gets hit, it might be the perfect way to play that rate hike that does com
Traders Say Disruptions Minimal During S&P 500 Pricing Glitch
livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Index Pricing Glitch Causes Minor Disruptions for US Equities
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.