Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Wednesday, the 18th of December.
7 Days To Christmas
With just seven days to go before Christmas, I expect the trading volume in the markets to begin to taper to a trickle, as more and more traders disengage themselves for the year-end holiday season. I will be looking at all the major markets today and giving you my latest thoughts on current trends.
2 New Trade Triangle Signals
Goodbye Ben Bernanke, Hello Janet Yellen
To taper or not to taper? That is the question. Today around 2:30pm ET, Ben Bernanke is going to give his final press conference. I do not believe that Ben and the Fed are going to announce that their long-awaited taper is going to happen right before the holidays. I do not think that Ben wants to be remembered as the Grinch that stole Wall Street’s Christmas.
As we wave goodbye to Ben Bernanke, we say hello to Janet Yellen, who is going to be in charge of extricating the US economy from the massive $4 trillion hole that Ben dug us into. I'm not sure that is going to be an easy task and I wish Ms. Yellen all the success and luck in the world.
Every success in the market and have a great trading day,
Adam appears frequently on the following financial news channels as a guest expert. Click on any cable logo to watch Adam's latest appearance.