Why I'm Really Worried About Stocks this Week

Last week’s volatility could continue this week considering we have a Fed meeting and a fresh GDP report to digest. The earnings tide may shift, though, as the general earnings flow has actually been positive despite the newsy disappointment at high-profile reporters last week. Of all the troubling international trade winds, China worries me most, given its impact on commodity markets and the disruption it presents to other financial markets due to capital flow repercussions. Yeah, it’s looking sketchy for stocks this week, and it seems the possibility of a market correction is intensified for the rest of this year as well. Much hangs on that GDP report Thursday, but it may have to be perfect for stocks to find footing. Article also interests Facebook (Nasdaq: FB). See my full report here.

Market Sector Security	Last Week
SPDR S&P 500 (NYSE: SPY)	-2.1%
SPDR Dow Jones (NYSE: DIA)	-2.8%
PowerShares QQQ (Nasdaq: QQQ)	-2.2%
iShares Russell 2000 (NYSE: IWM)	-3.3%
Vanguard Total Stock Market (NYSE: VTI)	-2.2%
iPath S&P 500 VIX (NYSE: VXX)	+2.7%

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