Monday, October 21, 2013
As government employees return to work after, after 16 days off, market participants are left to wonder what end-off-the-world scenario our fearless leaders in Washington will drum up next.
As
government employees return to work after, after 16 days off, market
participants are left to wonder what end-off-the-world scenario our
fearless leaders in Washington will
drum up next. For now, focus will shift to tomorrows release of the
NFP/Unemployment Rate data that was supposed to be released earlier this
month. However, the data could be a moot point form a monetary policy
standpoint. A few Fed members have already voiced
their opinions regarding QE tapering and given the events of the past
two weeks it’s looking less likely that next week’s FOMC meeting will
yield any action in the near term. Investors will take in more
third-quarter earnings reports, as equity markets look
to push even higher, and the National Association of Realtors will
release existing home sales data at 10 a.m. ET. The precious complex
has been able to hold last week’s gains fairly well. Silver is the
stand-out performer thus far, up nearly 2% after closing
last week at $21.913. Palladium is outshining platinum at the moment,
up nearly 1% to $748. Have a great day!
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