Coming Week: These Types Of Headlines To Dominate
By Cliff Wachtel: Part 2: Coming Week Market Movers & How To Profit Given both the ongoing EU drama and only medium strength economic calendar next week, here are the likely big market movers next week. EU Crisis Related Events Expect anything significant regarding one of the following topics to be market moving, possibly the event of the week. Reaction To EU Summit: Markets will have had a weekend to further digest results of the summit. Friday’s reaction was positive, but we’ll know better by Tuesday. If confidence in the EU’s progress falters, as it well might given the lack of any explicit (vs. implied measures- see Part 1 for more) substantive immediate steps to prevent Italian and Spanish bond yields from rising, we’re back to crisis mode and a sell off Ratings Agencies On Sovereign Credit Downgrades: Given that it’s unclear how much cash is now available for further bailouts, expect someComplete Story »
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