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What to Watch

January 24, 2011 – 5:58 pm

It will be a slow week on the economic statistical front this week with just a few highlights such as Friday’s first look at the fourth quarter GDP number and December’s Durable Goods report out on Thursday. Both are supposed to be better than the previous reports but this only points to the continued struggle of an improving U.S. economy.
Earnings season accelerates this week and that will likely be a factor as to direction for stock prices. So far the numbers are very good and guidance for the next quarter is also stellar.

There is a lot of attention overseas as China and India try to slow their economies causing concern for future growth in those economies and thus our own. Also, Europe’s problems are still in the news though it seems to be winding down as something that could disrupt the world economic picture. In fact the stock market in Europe is pointing to a stronger recovery in that part of the world.

Every week a massive amount of data is reported which demonstrates how difficult it is to keep up with everything that is going on. It used to be that your focus need be only on the U.S. as an investor but as we have seen in the recent financial crisis the world economy is joined so tightly that to be a successful investor you have to keep your fingers on the pulse of the world economy.

Good Trading
Steve Peasley

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