Reuters’ Rodrigo Campos writes: Wall Street has been running
in circles for the past two months, and the pattern may continue despite the upcoming
start of the earnings season. Quarterly report cards from blue-chips Alcoa and
JPMorgan this week could fade into the background as traders jockey for
position before key data from China and more central bank headlines.
After three major central banks eased monetary policy last
week, investors will comb through the minutes of the latest Federal Reserve
policy meeting, which will be released on Wednesday, to see what officials said
about a further round of asset purchases.
U.S. stocks face headwinds from a slowing global economy.
Europe's debt crisis has drawn much of the attention, but little clarity has
emerged about how the euro zone's debt and banking problems will be fixed
despite numerous meetings. The
uncertainty has left the market in the hands of traders, who look for
opportunities for quick returns, while investors, who are in the market for the
long haul, watch from the sidelines…..
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