Review the latest Weekly Headings by CIO Larry Adam.
Happy Groundhog Day! Every year on February 2, people gather to see if Punxsutawney Phil sees his shadow. As the old folklore goes, if Punxsutawney Phil sees his shadow, we will have six more weeks of winter. If he doesn’t, we can celebrate the early arrival of spring. This year, Punxsutawney Phil did not see his shadow – so it looks like we’re going to have an early spring. And if you ever saw the movie “Groundhog Day”, you know that it refers to a situation or event that repeats over and over again. Well, it appears there have been some events in the financial markets and political spectrum that are shaping up to be their own version of Groundhog Day – from the Federal Reserve (Fed), to the economy, stock market and upcoming presidential election. Here’s what’s shaping up in the markets.
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