Risk On or Risk OFF? Tuesday Outlook from Wall Street Sector Selector
In our tightly knit world, the trends seem to ebb and flow around the globe like the tides.
Today the tide seems to be going out after the record setting September action and October could easily be setting up to retain its “scary month” status and a move to the “risk off” trade.
Earnings downgrades on Alcoa and Microsoft dampened the “animal spirits,” particularly at the start of a pivotal earnings season and with Alcoa set to kick things off with their report on Thursday.
On the macro level, the market has built in its hopes on “QE2,” the quantitative easing seemingly baked into the cake for the Fed November meeting, but Chairman Bernanke threw some water on that fire in a speech in Rhode Island today in which he said that current spending was unsustainable, that the economy faces real and growing threats and that while fiscal reform was needed, too much tightening too soon could derail the already fragile recovery.
And therein lies the rub, as the old saying goes.
Read the whole speech here:
http://www.federalreserve.gov/newsevents/speech/bernanke20101004a.htm
Tomorrow comes the all important ISM Services report which will give a peek into the health of the service economy.
For tonight, it seems to be “risk off” and Wall Street Sector Selector remains in the “Red Flag” mode, expecting lower prices ahead.
Disclosure: SH, SEF, VXX, SPY Put option
Read more at Wall Street Sector Selector
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,812,340,014 |
| Stories: | 8,654,433 |
Whistler Blowers, Insiders
