Next week comes with 11 Fed speeches. Meanwhile, this could be the GOP's last chance to repeal Obamacare before the year's over.
Last week’s economic data did little to act as a headwind for the rally in US equities — a rally that seems to defy gravity. Small Business Optimism (NFIB) logged a monthly reading of 105.3 for August, matching the 12-year high set in January of this year.
When investors follow sustained moves in either direction, they develop the "floating index syndrome."