The market, as represented by the S&P 500 (SPY), managed a follow-on gain of +1.0% for the week. While European news flow will likely continue to predominate and it seems stability could be reneged at the drop of a hat, support has been rising along with price and the market is behaving as if it ‘wants’ to finish the year higher, headlines permitting. Short-term technical readings are otherwise neutral going into next week’s FOMC/ expiration.
[Week 50 Calendars: Economic | Reporting]
Source: Mrkt_Commentary subscription service; prior weekly posts.
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