US Stocks Climb for 3rd Week as Fed Avoids Stimulus Cut – Bloomberg 09-20-13

Salient to Investors:

Tim Hartzell at Sequent Asset Mgmt said the underlying data may turn weaker despite 5 years of easy money, and stocks are dependent on this monetary stimulus.

Economists predict the US will expand 1.6 percent in 2013 and 2.7 percent in 2014. 24 of 41 economists expect a December tapering.

Stephen Wood at Russell Investments said near-term, risk assets like no tapering.

Tom Mangan at James Investment Research expects yelling and screaming but would be very surprised if they actually shut down the government, and the market impact will be limited.

Economic bellwether FedEx stock rose to the highest level since July 2007.

Utility stocks pay 4.1 percent in dividends for the second-biggest payout among S&P 500 groups.

Read the full article at  http://www.bloomberg.com/news/2013-09-20/u-s-stocks-climb-for-3rd-week-as-fed-avoids-stimulus-cut.html

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