Weekly Newsletter

Markets had a rellef rally last week. As we mentioned a couple of weeks ago, the technicals were oversold, and looking for a positive trigger to go up. That trigger came this week with the FOMC decision to hold interest rates at current levels, as well as softish data on jobs and inflation. If the markets are able to push through key levels over the next few days, then the move could go higher into the year-end. Of course, the Hamas-Israel conflict is likely to cast a shadow depending on how it progresses.