Markets: November consolidation done (or almost)

Posted: November 25, 2013 in Uncategorized
Tags: ,

It looks like the classic November consolidation has been done and the market is prepping up for a Xmas rally.

The last hurdle will be the Fed Meeting 18-19 December (any indication of tapering). But starting tapering in the midst of the holiday season with the recent speeches of Yellen seems unlikely.

This week is Thanksgiving week – typically with light volumes (Thanksgiving is Thursday) and Black Friday will show us the mood of the retail spender in the US.

Also one of the last geopolitical hurdles is dissipating (deal with Iran).

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