Weekly Economic Kickstart

September 11, 2012

Last week was full of economic data and policy announcements with the big jobs report and ECB policy announcement just to name a few. This is week isn’t going to be any different as the data and news pipeline is packed. There are lots of economic data points out this week but most attention will be focused on Bernanke to see if the Fed announces anymore economic stimulus, e.g. QE3, at the Thursday FOMC meeting. The market has rallied sharply in recent weeks on expectations that the Fed will do move forward with additional easing sooner rather than later thanks and in spite of the lackluster economic data of late.  Although there are many reasons for the market to sell off it is worth noting that almost everyone is looking for one. The mass consensus of investors is that the rally is overdone and stocks have run away from fundamentals. With everybody sure that something is going to happen, the market classically shows them the opposite. The top data and policy announcements in the pipeline this week are:

 

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Source - Exabyzness & Econoday