Jun 26 2015

Rate Range Projection by Bank

Next week 121.50 – 124.00

Next 3 months 120.00 - 127.00

 

 

Investors could receive one ray of hope in Greece as timing of higher U.S. Interest rats may keep wall street on edge early next week. One can also go for the Anxiety about Greece and uncertainty about the timing of higher U.S. interest rates may keep Wall Street on edge early next week, but one ray of hope for investors could be an unusually long streak of ambivalence on Main Street. The last time bullishness in the American Association of Individual Investors' sentiment survey remained below average for so long was in August 2012. The market climbs a wall of worry and if there's some bearishness out there it means there's potential buying power on the sidelines that could come back into the market," said David Joy, chief market strategist at Ameriprise Financial in Boston, where he helps oversee $815 billion in assets under management.

 

Many professional investors view enthusiasm among do-it-yourselfers as a warning that the market may be overheating. Conversely, widespread caution is often taken as evidence that stock prices are well grounded and not forming a bubble. On Thursday, Labor Department data is expected to show nonfarm payrolls increased by 232,000 in June, with the unemployment rate edging down to 5.4 percent from 5.5 percent in May. Consumer confidence is due on Tuesdayand domestic car sales are due on Wednesday."The production side of the economy is doing okay," said Joy. "It's the consumer sector that's most important for us right now. And of course, Greece