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
After the White House nominated Fed veteran Kevin Warsh as the next Fed chair, stocks opened lower Friday. A warmer-than-expected December wholesale inflation report and concerns about a government shutdown added to bearish investor sentiment as the week wrapped up
Consumer confidence fell to its lowest point since November, a shockingly bad result that surprised several investment managers on the Covestor platform.
Many investors are contemplating reducing risk in their portfolios
In the event of a non-resolution, market reactions could continue to exude extraordinary volatility with very rapid moves in short-term rates and sharp drawdowns in equities, commodities, and other risk assets.
