Interactive Brokers senior market analyst Steven Levine discusses consumer sentiment with Greenwich Wealth Management CIO Vahan Janjigian.
Levine also provides some highlights for what to look for in the United States in mid-January.
Photo Credit: Dushan Hanuska via Flickr Creative Commons
Perceptions won’t matter if Facebook blows away revenue targets. It will matter a lot more if CEO Zuckerberg has to sell a story on good, but not great growth.
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.
Bullish investor sentiment has nearly doubled in the past month. It’s one signal that the strong market rally may be starting to run out of gas.
The cooler-than-expected CPI report initially pushed equities higher after the news, but once implied volatility reset, the rally fizzled, and choppy price action took over.
