November 1, 2016
For those of you who are old enough, you might remember Ed Sullivan starting his weekly broadcast with “We have a really big shew tonight.” Well, when he said it, show did sound like “shew.” Ed Sullivan was the venue that featured Elvis Presley, the Beatles and countless other acts for a generation. Well, this week we have a really, really big week — one that has the potential to significantly affect the markets. We start out with important data, personal
income and spending. We then move into a two-day meeting of the Federal
Reserve Board’s Open Market Committee.
While most are expecting no action by the Fed, the announcement on Wednesday will be studied carefully for any indication regarding a potential rate increase at their December meeting. Of course, the Fed will not have had the benefit of seeing the most important data released. On Friday we will see a jobs report which will let us know about the all-important employment
situation. The Fed will actually have the benefit of seeing two jobs reports before their meeting in December.
And just for good measure, after what seems to have been years of campaigning and an endless number of debates and stories in the press, we
will finally have a Presidential election. No matter who wins the election, we think it is safe to say that most Americans will be glad that the ordeal is over. And no matter who you favor, don’t forget that exercising your right to vote is an important duty and responsibility as a citizen of our great country. So, please get out and exercise that right by voting, both for your national candidate and your state and local candidates as well.
Source: Origination Pro