Fear Factors are Firing

Fear factors will be firing in the week ahead. Right from the start, Spain’s election results threaten everything, though it appears with a slow fuse now. After that, we have a pivotal GDP revision and a slew of other critical data that will serve to either confirm or confuse us about the appropriateness of the Federal Reserve’s tightening action. And just when we might get comfortable, the press will surely focus our attention to the risk of terrorism through the holiday period from Christmas to New Year’s Day – that is the traditional Santa Claus rally period, so uncertainty is abound. It all makes for a hard path to higher ground, so look for volatility to reign, with downs and ups and downs throughout. See more of the report on fear factors here.

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