Monday Movers

Today certain to make some fat cats on Wall Street smile with a total temporary course change in the green zone. The Dow Jones up 11.57 S&P up 4.1 NASDAQ is down 2.9 on broad market changes,Europe markets posts sizeable gains with the Euro having its best start of a week 118.41 both Asian markets and Canadian markets posted neckline upside at available average of 58.08 average it out on a chart. Fed Chair Janet Yellen and some other inside bankers at Central Bank still on teetering on Wednesday rate hike decision. However in spite of markets still getting over jangled nerves about rate hike investors saw opportunity to smile with new data about Home Construction shooting the moon continued its steady climb uphill. New Home Construction rose at a whopping 4.7% for this fiscal quarter of the year which put cheer into a otherwise gloomy housing market as we have started a new fiscal quarter. Some noticeable market changes in direction with the underpinnings I predicted last week are exactly what your seeing on Monday here. Businesses and investors are still hedging their risks expected to get creamed by a gigantic Fed Bank rate hike on Wednesday this week. Large institutional investors are playing it smart by quickly shifting their assets into safety zones in anticipation of getting creamed by a unwelcome rate hike. Global markets today reading Wall Street and the Fed Bank got a chocolate cake and passed it around singing Were In The Money as major markets soared to a all time record high this Monday. So, I think this trend is going to continue to happen until Wednesday when the Fed Bank announces its rate hike decision. I think reading the way the inflation is going up combined with weak economy you'll see a massive rate hike 11.0 depending on other economic data by Wednesday. If their is new data on load bearing inflation then you'll see the Fed back away from it with a modest 2.1 on the rate hike not very sizable but enough to try to feed jitters in the economy with "Well Gee How We Going to Absorb this One" Big question running through business and investors minds waking up Thursday morning with concerns about the both short and longer term fallout. To jump start the economy the Fed Central Bank will pump up the economy with the green printing presses working overtime to put new billions of money into the economy. So,folks this is my early weeks analysis of how and what happened so far combination with the progress of this week on both business and investments.

Take Care,

John Norton
HM King Scotland
The Hon. UN Secretary General (elected)