Pockets of Opportunity in Healthcare
Once again, we begin a new trading week fixated on some political event set to transpire over the next five days. All eyes are on the European Union and the upcoming summit in Brussels, Belgium on June 28 and June 29. Given the gravity of the situation in Europe, where the market impact of recent policy initiatives has had a half-life measured in hours, market participants are wary of any rumors or trial balloons that may drive sharp price swings until the official Summit communiqué is made public at the end of the meeting.
Global markets have showed renewed signs of weakness in recent sessions as it has become evident that growth rates are decelerating and that politicians have absolutely no appetite (or funds) for fiscal initiatives. Of course, Ben Bernanke's Federal Reserve took a pass on launching any new aggressive monetary easing at the most recent meeting, and another official policy statement isn't due until Aug. 1. As a result, traders will also be listening quite closely to any upcoming speeches from Fed board that might provide clues as to possible forthcoming changes. The takeaway here is that rumors and innuendos will have an inordinate impact on market movements until the U.S. earnings season begins in mid-July....442 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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