Fed Juices Stocks—but What Could Bring Out the B
Post# of 102767
Fed Juices Stocks—but What Could Bring Out the Bears?
Stocks could stay on an upward trajectory for the time being, while bruised bears sniff out the next trouble spot for markets.
The Federal Reserve’s new round of quantitative easing and promise to keep policy easy well into the future propelled stocks and other risk assets higher, putting the Dow less than five percent away from its all-time high in the past week.
“For a period of time, the markets will give the central banks the benefit of the doubt,” said Barry Knapp, head of U.S. equity portfolio strategy at Barclays. “You would expect the downside would be limited over the next six weeks or so, but there’s some major questions about the effectiveness, from a macroeconomic standpoint.”
In the coming week, U.S. home sales and manufacturing data will be the focus, plus a flurry of regional Fed presidents take to the circuit with speeches on the economy and monetary policy.
http://www.cnbc.com/id/49038353
(0)
(0)