New Fed chair may be announced; investors remain in a bullish mood
WEEKLY MARKET COMMENTARY |
Following another week of strong corporate earnings and solid growth statistics, excluding the impact of the three major hurricanes to close out the third quarter of 2017, investors remain in a bullish mood and await another major week of earnings, economic fundamentals and key policy decisions.
This week corporate giants such as Facebook, Starbucks, Mondelez and Under Armour are among the 114 earnings statements to be published, in addition to a large staple of data on manufacturing, housing prices, labor market and manufacturing conditions across the economy. Investors also await the possible announcement of a new Federal Reserve chair which could move markets across asset classes following any decision out of the Trump administration.