Michael Sheldon
Michael Sheldon
Michael Sheldonis a former Australian rules footballer who played with Essendon in the Victorian Football League...
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It's been a choppy few weeks. While the Dow and the S&P 500 have started to perform better, the Nasdaq is still below its 50-day moving average and its January highs.
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All in all, I think investors are trying to put on a positive face and push stocks higher into the year-end. I think the market is going to try to build on yesterday's modest gains.
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Everyone expects the Fed to raise (a quarter point) and everyone wants to see if there is a change in the outlook that gives hints about future meetings.
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Given that tech companies are already trading at pretty high valuations, these companies' earnings are going to have to really deliver for the stock prices to show a substantial reaction.