Sunday, February 09, 2014

The Week Ahead Magazine: February 9, 2014

Last week the lower than expected ISM manufacturing report on Monday caused investors to sell stocks and saw the S&P 500 Index decline over 2.2% or nearly 41 points to close at 1,741.89. The market traded sideways Tuesday and then Wednesday the market traded below the low reached on Monday early in trading. From that point on the market rallied for the balance of the week, in spite of a below expectations job report, and ended higher by 3.2% from the closing price on Monday. Some strategists are highlighting that the January Barometer may play out this year. As this indicators notes, "so goes January, so goes the rest of the year." This week's magazine contains links to this phenomenon as well as links to articles on thoughts for the upcoming week.

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