Tricky Trading this Week on Fed, ECB Expectations

Tricky trading this week on Wall Street

After last week’s decline, the inclination of investors this week was to buy stocks back at better value. But I’m suggesting investors be careful of the temptation I might have otherwise partaken in as well, as this week presents some serious risk. The FOMC Meeting Minutes will be released Wednesday and could drive volatility depending on how the media determines to interpret them. And, sometime soon I anticipate media focus will find the European Central Bank (ECB), where discussion will be about a greater likelihood for it to act in early December to support the Eurozone post Paris. That is not likely to be good news for U.S. stocks, as the dollar would appreciate further and oil prices would decline further, unless the media presses attention to a decreased likelihood of Fed action due to a greater likelihood for ECB action. We’ll have plenty of relative data to sort through this week that should weigh on the Fed decision. It makes for tricky trading and no clear directional direction at this point. See the full report on this week's tricky trading here. 

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