A slew of widely watched statistics are due out Thursday, including jobless claims, existing home sales and leading indicators. Wall Street needs stronger drugs to move stocks, however, so don’t expect these numbers to have much of an impact. The yellow flag is still out, as far as I’m concerned, since Yellen’s most recent, dovish emanations appear to have laid an egg. Apple will be heard from next week, and that may be what is keeping stocks from falling apart for the time being.
Remember When Statistics Mattered?
- October 21, 2016, 12:08 am
Stocks and bonds seem to be stuck in a state of neutral buoyancy.
I think they might just stay there until we see if Trump or Hillary assumes power after the election. Of course, Hillary represents business as usual, so if she wins, we should see a Super Santa Claus Rally.
However, if Trump overcomes the slings and arrows of outrageous MSM attacks, we could witness some serious payback, all across the board.
Donald would for sure shake up the DOJ, State Department, etc. and some serious consequences will result.
After Perot, Buchanan, and Paul failed to launch, Trump is the last chance for old school America.
Serious business indeed!