This could get interesting. Friday, the bond market remained flat for most of the day. Despite strong trading levels, no economic news moved the needle. This week we start the week with industrial manufacturing news and housing market index. However, the main announcement is Wednesday when Ben Bernanke takes the stage again to discuss the FOMC’s September meeting. Surprisingly, late Sunday Larry Summers, the heir apparent to replace Bernanke, pulled out of the running. Stocks rallied over night over the news.
No comments:
Post a Comment