Before the Open

A lot of different issues continue to be the focus for investors…with next week’s Fed rate decision at/near the top of the list.  However, the tech stocks are still THE key indicator for the broad stock market.  So, we will continue to watch it VERY closely as we move through September and October.

It was quite astonishing to hear so about many DIFFERENT headwinds that the financial sector is suddenly facing.  If these many different problems become bigger ones, it’s going to raise some serious questions about whether the U.S. economy will indeed see a soft landing.

History tells us that the recent change in shape of the yield curve IS very important.  However, we have to wait so see if this change in shape becomes sustainable now…or at some point in the future.

When it comes to global growth, one index has been a very good indicator over the years.  Therefore, we’ll be watching this index very closely over the coming weeks and months.

Since BOTH the stock AND bond markets stand at key technical levels, the potential for some decisive moves in the marketplace today is quite high……Hold onto your hats!