Although much of the economic news last week came in on the positive side, the major U.S. indices were unable to move to the upside. As we noted in our earlier post today, September And Beyond, investors seem focused on the Fed meeting this week and the Fed's viewpoint on the economy and timing of interest rate increases. In spite of the market pullback last week, the S&P 500 Index is down only 1.1% from the high reached on September 5th.
Potential market moving economic news in the coming week:
- Industrial production (M)
- Producer Price Index (T)
- Consumer Price Index, FOMC Announcement (W)
- Housing starts, jobless claims and Philly Fed Survey (Th)
- Leading Indicators (F)
Given the potential shift on interest rate policy from the Fed, a number of article links in this week's magazine look at the frequency of stocks and bonds declining simultaneously--and it is not a frequent occurrence. Another article link evaluates the markets' performance during mid-term election cycles as well as the pre-election year. Lastly, several articles look at projected economic growth along with corporate actions around dividends and stock buybacks. Below is the link to the coming week's magazine.