Is is just me, or is the term "Economic Stimulus Package" a little politically incorrect? Putting aside the juvenile response I give when anyone says "package," I feel that to say our economy needs stimulating is UNAMERICAN. Our economy is GROWING... just more slowly at the present time -
Has America really left its growth spurt behind, or are we still growing and like our pubescent high schoolers, just needs more sleep to enable the growth? - deep thoughts...
Truly the market will take the State of the Union in stride before the Fed announcement and Unemployment Situation numbers coming out later in the week - there reports will have a much more dramatic effect on the market.
Truly the market will take the State of the Union in stride before the Fed announcement and Unemployment Situation numbers coming out later in the week - there reports will have a much more dramatic effect on the market.
I still think the market will continue to rise during the regular trading hours leading up to the Fed announcement on Wednesday -
Upcoming Reports:
Tuesday:
FOMC Meeting Begins
Durable Goods Orders 8:30 ET
Consumer Confidence 10:00 ET
Wednesday:
MBA Purchase Applications 7:00 ET
ADP Employment Report 8:15 ET
FOMC Announcement 2:15 ET
Thursday:
Personal Income and Outlays 8:30 ET
Jobless Claims 8:30 ET
Friday:
Employment Situation 8:30 ET
ISM Mfg Index 10:00 ET
Construction Spending 10:00 ET
Consumer Sentiment 10:00 ET
Volume Weighted Pivot Support and Resistance for Tuesday Jan 29th: BTW these are generated off the TradeMaven Software -
