What will happen in Financialls market in the first week of November? We are now going to check out the expert's analysis!


By Pitguru Frank LaMantia

Personal spending slowed to 0.2% for the month of September which is under the gains of 0.5% for July and August. Incomes have fallen 0.1% as well which is a change from the 0.4% rise in August. There is a battle between the Democrats and Republicans on whether benefits will be extended; due to the fact that extended benefits will expire towards the end of November. The economy is still fragile and the Federal Reserve Board is looking to stimulate the economy by purchasing treasury bonds. This is a little off considering Bernanke was thinking of raising rates. Buying back treasuries is done for the simple reason of lowering rates and initiating economic productivity.

A report today mentioned that home prices could fall 8% into the third quarter in 2011. A staggering number of homes could be repossessed this year, nearly a million of them. According to Morgan Stanley, around 3.1 million mortgages are not being paid on time.

The markets keep shrugging off bad news as the DOW was up 53 points to 11066 and the S&P was up 6 points to 1179.00. The market seems to be leaving itself a cushion for the holiday season. Retailers are putting themselves out there earlier than last year to increase sales. Let’s get down to brass tacks for a minute! Will retail spending really do anything significant? Temporary jobs and a short increase in sales? Long-term there are many issues that have to be fixed and this holiday season, even if it is positive, may not really do anything to assist the consumer.

For more information, check out the other related futures markets as normal to have a full view of all!


Chart courtesy Gecko Software’s Track n’ Trade Pro
Past performance is not necessarily indicative of future results.

__________________
Futures Trading | Futures Markets | Crude Oil Prices