Tradeline Financials is an independent, diversified financial services firm catering to all types of investors. Our goal is to understand, anticipate and meet our clients' changing financial needs with the vast array of high-quality products and services at our disposal.
Tradeline Financials - United States Economic Update - Week 43, 2014
In a week that saw volatility return to the US markets the major indexes managed to end the trading week in positive territory as news that consumer sentiment had returned to an almost 7yr high.
This along with the recent news that unemployment had fallen to a 6yr low and expectations that the Fed will cease its asset buying program as scheduled at the end of this week helped stem the outflows seen and gave some solidity to the growth of the US economy.
As earning season continues the markets are expected to continue in good light as the data so far shows a good quarter for the major corporations. about a 3rd of the S&P reporting companies have made their announcements so far and of those 64% have beaten expectations.
Although the banks seems to fair far worse than expected the majority of companies left are expected to continue the trend which will no doubt bolster the rest of the markets.
The S&P 500 managed its 4th weekly decline last week, its longest losing streak in nearly 3 years. This may go against the grain when you look at the figures coming through however many say that the correction will be short and that once earning season has finished and concerns over Europe and China's economies are eased, it will be business as usual for the key index and it should head back to 2,000 very soon.
Major US Indices as of 17th October 2014:
S&P 500 - 1,886.76 +1.29%
Dow Jones - 16,380.41 +1.63%
NASDAQ - 4,258.44 +0.97%
For more information on the services provided by Tradeline Financials advisors please visit our website at www.tradeline-financials.com or contact us on info@tradeline-financials.com. You can also follow us on Twitter at https://www.twitter.com/TradelineF and follow our press releases at http://biz.prlog.org/Tradeline-Financials/
DISCLAIMER The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Tradeline Financials. All market data within this release is for your general information and enjoys indicative status only. Tradeline Financials does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.
Contact
Tradeline Financials
