April 14, 2014
Weekly Market Outlook
By Keith Schneider
This week, women have had a smorgasbord of negativity tossed at them. It ranged from Hillary Clinton dodging a shoe toss while giving a speech and ended with the literal tossing out of Kathleen Sibelius, Secretary of the United States Department of Health and Human Services, of her job.
Oh, let’s not forget Janet Yellens woes, as our new head of the Fed, who is also under pressure with the stock market in full retreat yet again this year with NASDQ leading the decline, down over 3% for the week.
This is the second time in just a few months and under her watch that we have witnessed a serious bout of selling. First, the taper, then the change to the taper of the taper has all contributed to the markets confusion about the Feds intentions and its ability to keep things under control.
The Feds balance sheet has grown at even a greater pace than the levitated market valuations. Earnings this quarter are expected to fall short of supporting current market prices.
Yellen has inherited a science experiment on a colossal scale and has not been able to articulate her plans to investors of how she will wind down stimulus without a big market drop.
Obviously, the Fed can’t print forever. Meanwhile, as the market sells off, Bonds, Gold, Commodities and Utilities continue to outperform, not exactly encouraging for the Stock Market bulls.
Let's go to this week’s video and look at some key support levels.
Every week you'll gain actionable insight with:
