US Market Review 11/3/17
The US capital markets saw mostly modest returns this week. The tech heavy NASDAQ passed the 25% return mark for the year, which is a full 10% better than the broader S&P 500 index.
The big news this week was the unchanging of the federal funds target rate by the Federal Reserve. Janet Yellen is scheduled to finish her term next year, and President Trump named Jerome Powell as the next chairman of the Federal Reserve. This news was mostly met with optimism. Look for a raise in the federal funds target rate by 0.25% in December - anything other than this will likely rattle the markets.
In other market indicators, the volatility index (VIX), also known as the fear index, hit some extreme lows and ended the week at 9.14, giving credence to investor sentiment that all is well right now.
Good luck out there!
Brian
Damn, that is a big upgoat.
Thanks for sharing this useful information!
And thanks again for filling us with optimism. :)
img credz: pixabay.com
Nice, you got a 9.0% @minnowbooster upgoat, thanks to @brian.rrr
Want a boost? Minnowbooster's got your back!
yes yes yes.. I see the normal goodness happening Nov and Dec 3% + total maybe more.. The question is for me how things will be panning out 1st Q 2018. Tax reform #1. Trump trip Asia #2 (HUGE) 10 day trip. (think PetroYaun, think crypto, Japan and OES) very interesting times ahead. In fire zone in NorCal, waiting for the stock market melt up and exit strategy mid to early 2018. FOLLOWED YOU. I hope you do the same. please check out my blog. take care. Nice Jack o Lantern you and your son made. winning!
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anyone follows me i'll follow back within a few days