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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.


Seeking Alpha

Thursday, September 24, 2015

When Stocks Should Turn Higher

Investors were a bit confused by the immediate action in stocks after the Fed meeting last week. Most financial media I watched since has only made matters worse by misinterpreting the catalyst behind the market’s reversal after it marked intraday highs last Thursday. Now, based on statements of the Fed Chair and other Fed members, it appears the Fed itself may be confused as to how markets perceive its actions. Friends, stocks are not burdened today by the fact that the Fed did not raise interest rates, but rather by their leaving October on the table and indicating a rate hike could occur at almost any moment. As a result, uncertainty remains for this market until the next Fed meeting in October. Between then and now, we should expect to see volatility exacerbated by a likely shutdown of the American government on budget matters and threatening data from overseas. Still, from mid-October or after the government problem is resolved, the market will also find a better environment due to a shift in seasonal capital flows. As a result, I anticipate stocks will rally from sometime in October through November well enough to return paper losses to investors who had not sold stocks during the crisis. See our full stock market outlook report here.

Article interests SPDR S&P 500 (NYSE: SPY), SPDR Dow Jones (NYSE: DIA), PowerShares QQQ (Nasdaq: QQQ), iPath S&P 500 VIX (NYSE: VXX), Apple (Nasdaq: AAPL), Facebook (Nasdaq: FB), Google (Nasdaq: GOOG, Nasdaq: GOOGL), GE (NYSE: GE), Bank of America (NYSE: BAC), Cisco (Nasdaq: CSCO), Citigroup (NYSE: C). Please see our disclosures at the Wall Street Greek website and author bio pages found there. Kaminis is long SPY. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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