(As of 7:19 am PST)
Nervousness is the order of
the day as the debt ceiling approaches.
Although markets are not reacting with the harsh volatility that went
along with this debate in 2011, nonetheless, investor anxiety is growing. Economic data has been uninspiring
today. New home sales were slightly
above expectations and the durable goods order numbers were in line with
expectations. Gold is up a small amount,
along with oil and the dollar is generally lower against other currencies. With stock markets at all time highs
investors are taking a breather and letting September's gains consolidate. A
resolution of the debt ceiling debate would likely be the catalyst to send
markets higher.
No comments:
Post a Comment