This week proved to be an interesting one for the markets. As we’ve seen over the last few weeks, the name of the game has been volatility. Big-time up-and-down movements have become the norm once again. Driving this week’s jumpiness had little to do with economic data – at least not here at home – but that of earnings.
Housing was on the docket this week as several pieces of data were released. Overall, the data had a neutral effect on the market.
The real key for the week’s price swings was earnings. With stocks now in the thick of the so-called “earnings season,” the big boys are beginning to report their quarterly numbers, and we’ve seen a mixed picture that has helped to increase the volatility – and the gains/losses of the marketplace.
Also playing into the week’s ups and downs has been data, stimulus measures and other pieces of information coming out of China and Europe.
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