Reuters - Video

EDITION: U.S. | U.K. | IN

Business

U.S. Day Ahead: Buy, sell, hold or panic! No deal in sight!

Thursday, December 27, 2012 - 02:14

Dec 27 - Expect more volatility in the markets as traders tweak portfolios and positions with no solution to the fiscal cliff and only two more trading days left in 2012.

▲ Hide Transcript

View Transcript

I sell whole panic there are two -- -- -- that in 2012. And with the fiscal clean solution looking slimmer by the minute. All that her -- Investors have been voting with their feet sending markets down a fourth day in a row and on Capitol Hill it's getting ugly. Set and leader Harry Reid calling house leader they are a dictator. For not allowing the majority of the house to get what it wants. So much for bipartisanship. Bottom line expect more wild swings in the markets come Friday. We're coming up on the end of the year and my sources are saying if we do was hit you on the fiscal -- it won't come until January at the earliest -- told then. You can expect further rises and the volatility index. More volatility in markets and light trading volume which could amplify various moves. In addition to look for some more window dressing in the final trading days at 2012. Which could. Act to the Al performance we've seen -- names like Bank of America and Expedia. And -- the chaos there are two economics that's to keep an eye on first up to Chicago PMI. That would tell us how manufacturing is performing I have ours is the index is set to rise to 51 point one in December. Although that will be its best reading in three months is still looks pretty weak. 51 point one actually means heavy industry is barely growing. And a cup isn't expected to the middle of next year. I have ours says that the index comes in under sixty that would sound alarm bells. You're other piece of data is pending home sales I have ours says sales to rise by 1% after last month's surprise 5% surge. The market is still being boosted by record low mortgage rates. And some growth looks strong enough to work down the two million or so existing homes on the market. I have arts says at this rate it could take only three months. To get rid of the overhang. Eastern follow us on Twitter writers insider and our interviews that market movers on Reuters TV. Friday find out why one top economist says there's an 85% chance of the US volley off the fiscal plan. I'm Rhonda schaffler this is writers.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

U.S. Day Ahead: Buy, sell, hold or panic! No deal in sight!

Thursday, December 27, 2012 - 02:14

Editors' Picks »

Most Popular »

Moving Pictures »

Images of November Images of November

Tue, 02 Dec, 2014 - (0:30)

Images of October Images of October

Mon, 03 Nov, 2014 - (0:57)

The world in a city The world in a city

Fri, 31 Oct, 2014 - (1:30)

Real-life superheroes Real-life superheroes

Tue, 28 Oct, 2014 - (1:44)

Dance of the northern lights Dance of the northern lights

Mon, 20 Oct, 2014 - (1:08)

Images of September Images of September

Thu, 02 Oct, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, 22 Aug, 2014 - (3:12)

Images of August Images of August

Fri, 29 Aug, 2014 - (1:00)

Dateline Asia »

No Christmas easing from the Bank of Japan No Christmas easing from the Bank of Japan

Fri, 19 Dec, 2014 - (1:59)

North Korea to blame for Sony hack: source North Korea to blame for Sony hack: source

Thu, 18 Dec, 2014 - (1:10)

China's house prices fall again China's house prices fall again

Thu, 18 Dec, 2014 - (1:10)

China's child labor problem China's child labor problem

Thu, 18 Dec, 2014 - (2:19)

Measuring up North Korea's heir Measuring up North Korea's heir

Wed, 17 Dec, 2014 - (1:03)

Russia worries rock emerging markets Russia worries rock emerging markets

Wed, 17 Dec, 2014 - (1:14)

Seoul raises the "nut rage" stakes Seoul raises the "nut rage" stakes

Tue, 16 Dec, 2014 - (1:03)

Sydney in shock after hostage horror Sydney in shock after hostage horror

Tue, 16 Dec, 2014 - (1:07)

Not all merry and bright in China's manufacturing sector Not all merry and bright in China's...

Tue, 16 Dec, 2014 - (1:29)

Reuters Investigates »

Where the sea is closing in Where the sea is closing in

Thu, 20 Nov, 2014 - (3:41)

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:22)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)