From CNBC: The early economic impact of Super Storm Sandy
could start to show up in the coming week’s data, while investors remain
riveted by Washington’s new urgency to fix the “fiscal cliff.
The week will start off slowly, with bond markets closed for
Veteran’s Day Monday. Congress returns
Tuesday, and President Barack Obama holds meetings with Congressional leaders
at the White House during the week, in an effort to find common ground on the
fiscal cliff.
“We’re going to have a lot of uncertainty about this,
whether they’re going to push out the cliff or come together quickly and talk
about some type of longer term scheme that looks like it’s dealing with the
debt and deficits,” said Stuart Freeman, chief U.S. equity strategist with
Wells Fargo Advisors. “If that happened, of course the market would love that.
But I’d assume we’ll see some brinkmanship here. No one wants to crater first.”
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