As I sit down to write this, over half of the market value for the S&P 500 has reported it’s 3rd quarter earnings. And almost all of them have beat the expectations!

However . . .

The expectations have been fairly low. Some companies have even been rewarded with higher stock prices because they lost than expected (which is technically beating the expectations).

But not to be a Debbie Downer, I will take it. The DOW and S&P 500 have hit all times highs last week.

I am cautious as we approach the rest of the this week.

On Wednesday the “Fed” should announce their plans to start “tapering” (no longer buying assets, which may have artificially pumped up prices). They may even hint at when they will start raising rates. Which will be necessary if inflation continues it’s upward trend.

Also, on Friday we get the monthly payroll numbers for the month of October. So, I expect that we will see some volatility and a battle of the BULLS and BEARS this week with these two important reports coming out.

Stay confident my friends!

-Kevin T Clark, RF

CEO & CoFounder - Plan Confidence Corp