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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (14413)	9/29/2015 4:58:23 PM
From: Goose94	Read Replies (1) of 202710

Fed Causing Lack of Clarity in the S&P The e-mini S&P is swinging between gains and losses this morning and is currently up $10 on a very good consumer confidence number. The street was looking for a print of 96 and the number came in at 103 (a very good number.) The e-mini S&P has been very volatile in recent weeks amid confusion over the Fed’s rate tightening policy while concern lingers over whether an economic slowdown in Asia will curb demand for commodities and crimp global growth. New York Fed President William Dudley reiterated yesterday the prospect for the Fed to raise rates this year is still good. It seems as if a different Fed speaker comes out daily and each has a different view on fiscal policy which has led to major volatility. When we have spikes in volatility like we did at the end of August, it’s normally followed by some additional choppiness until it peters out. My hunch is until we see some clarity in the Fed, some stability in the Chinese stock market, yields on treasuries start to rise and most importantly, bottoming action in copper and commodities, use caution when buying the market. Greg Perlin, Senior Market Strategist

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