Market Commentary and Forecast (Week of August 13th, 2012)
The Olympics are over, the core of Earnings Season is over, what will we do now to fill the void......oh yes, the political season is really just beginning.
Economic reports have been "ok to good". Nothing standing out as extremely bad or good. The lack of very bad or good economic news has been keeping investors on the fence, but money is ready to go to work. Traders and investors are waiting on Bernanke's decision on future Quantitative Easing (part 3) and may get a decision by the end of August at the Jackson Hole economic meetings. If he commits or eludes to some type of bond buying, this will push the markets higher, above and beyond the political season lift. If he does not commit to any bond buying, we could see a 2%-4% pullback in the market, which would be a good short-term buying (or accumulation)
Market Direction: Our target range on the S&P 500 Index Levels of 1,400 - 1,425 by end of August still stands. A top range on the S&P 500 of 1,420 - 1,440 by the Presidential Elections is expected if the Europeans can begin to agree on bailout amounts and policies for payback (these talks seem like they have substance recently). The "Fiscal Cliff" issue is important, but we are not in the eleventh hour yet (this will be a political talking point for the next 4 1/2 months, enjoy).
Great investing starts with Expert Knowledge.
Your feedback is always welcomed. Feel free to pass this email along to a friend, family member or colleague. If you don't want to receive these periodic updates, let us know.
Visit our Web Site for more Articles - http://www.AtlasBuildsWealth.com
About Atlas Wealth Management, LLC
We provide the following financial services; Financial Planning, Retirement Planning, Wealth Management, Corporate 401(k) and Business & Personal IRA programs, Financial Advisor or Executor of Trusts, Estates and Wills. We also offer other financial options such as; Private Placement/Hedge Funds/Venture Capital to qualified investors. Since we have a strong Suitability and Fiduciary duty towards our clients, we always have your best interested in mind. Web Site - http://www.AtlasBuildsWealth.com
Also, you can download a FREE Retirement Calculator from one of these sites;