Minyanville: Washington and Wall Street collide
Larry Fink and Bill Gross, two of the nation's top investors, said there is "zero chance" the government won't raise the debt ceiling by Oct. 17. I hope they're right.
The Labor Department couldn't release the jobs report on Friday — ironically because their jobs were furloughed — but third quarter earnings begin next week and the FOMC minutes will be released on Wednesday.
Given year-to-date gains, fund managers have performance anxiety into year-end. That will either self-fulfill to the upside or catch the herd leaning the wrong way. It's a recipe for volatility, which should arrive in spades next week.
Keep cool out there and check out these posts from Minyanville this week:
The Twitter IPO: What you need to know about this mega-deal
Global markets price in the unthinkable
Apple, Boeing, Merck and more: Top stocks for the fourth quarter
Worried? It's time to buy the stocks you've always wanted
This story was originally published on Minyanville. Its content is produced independently of Paste BN.