In Friday's trading, the S&P 500 added roughly 30 basis points in value. Although the price levels gained, the overall demand levels came in on the weaker side. Strangely enough, consumer staples outperformed the rest of the sector groups on price basis, as investors looked to scoff up more shares in the group.
Despite seeing a number of days of lackluster demand versus the gain in equity prices, which suggests a shortening window of future price gains in my book, investors appear to be lathering themselves up over the news that Summers took himself out of the race for the Fed chairmanship. This paves the way the uber-dove Yellen to take the reins from Bernanke. Futures are up impressively on the rumor that Yellen, out of all the potential candidates, can hit the return button on the computer the fastest.
Week ending 9/13
Despite seeing a number of days of lackluster demand versus the gain in equity prices, which suggests a shortening window of future price gains in my book, investors appear to be lathering themselves up over the news that Summers took himself out of the race for the Fed chairmanship. This paves the way the uber-dove Yellen to take the reins from Bernanke. Futures are up impressively on the rumor that Yellen, out of all the potential candidates, can hit the return button on the computer the fastest.
Week ending 9/13
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