Here’s a great new Whiteboard from Marketplace’s Paddy Hirsch, illustrating the danger of a double dip recession and where we now stand in the process:
Double-dip recession from Marketplace on Vimeo.
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Mick Weinstein
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Procrastination can cost you money when it comes to your finances.
Following the restructuring of First Republic Bank, investors are looking ahead to an eventful week featuring a pivotal Federal Reserve meeting, earnings from large-cap companies including Apple, and market-moving economic data not limited to Payrolls and the Job Openings and Labor Turnover report.
Markets are rebounding following last Friday’s turbulence as Wall Street looks to Fed rate cuts for enthusiasm ahead of critical economic data later this week.
Rising jobless claims could threaten cyclical stock sectors. One contrary indicator, though, is that several Covestor managers recently bought retail stocks.