If the Asian markets are a good indicator, Monday will start off as a down day for U.S. markets. I expect that the markets will experience at least an intraday 5% correction during this week. Perhaps, the correction may go as high as 10%.
However, if there is enough bad news, investors may be relieved since the Fed will wait longer before beginning to tape QE, which would be good news. In that case, a correction won't happen.
For more on New Realities, check back every Sunday for a new segment.
This is not financial advice. Please consult a professional advisor.
Copyright © 2013 Achievement Catalyst, LLC
Sunday, June 02, 2013
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