Why the Iran Deal & Retail Sales Matter to the Fed & the Market
Tuesday’s market looked to be running into headwinds in the early AM, because weak retail sales were reported this morning for the U.S. economy. Also, an agreement on Iran’s nuclear program threatens to drive energy prices lower and detrimentally impact the U.S. economy. However, by noon investors were speculating that the bad news could serve them by holding off the Fed. Of course, much of their speculation will be forced to face reality when the Fed Chair speaks to Congress this week. While the rally may have some support here, let’s not forget that while a little bad news may be nice for fending off the Fed, recessions are worse for stocks than justified rate hikes. See the full report on Iran & the market here.
Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.
Market Sector Security
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At the Open 7-14-15
|
At Noon
|
SPDR S&P 500 (NYSE: SPY)
|
+0.1%
|
+0.4%
|
SPDR Dow Jones (NYSE: DIA)
|
-0.0%
|
+0.3%
|
PowerShares QQQ (Nasdaq: QQQ)
|
+0.3%
|
+0.6%
|
iShares Russell 2000 (NYSE: IWM)
|
+0.1%
|
+0.6%
|
Vanguard Total Stock Market (NYSE: VTI)
|
+0.1%
|
+0.4%
|
iPath S&P VIX ST Futures (NYSE: VXX)
|
-0.3%
|
-2.3%
|
Auto Company Shares
|
7-14-15 11:30 AM EDT
|
Ford (NYSE: F)
|
+0.7%
|
General Motors (NYSE: GM)
|
+0.8%
|
Tesla (Nasdaq: TSLA)
|
+1.1%
|
Toyota (NYSE: TM)
|
+0.1%
|
Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.
Labels: Economy, Economy-2015-Q3, Editors_Picks, Editors-Picks-2015-Q3, Iran, Iran-2015, Market-Outlook, Market-Outlook-2015-Q3
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