Market Update 20/10 – 24/10
It’s coming to 3Q14 earning seasons time, the banks were the first to release their numbers and everything has been so-so, petrochemical/energy co’s are likely to have crap #’s b/c of the decline in oil prices (inventory losses), and I doubt consumer names are going to be exciting. There’s a lot of pressure coming in the next week or so, but then on the flip side we have the usual year end LTF/RMF purchases and everyone still believe’s that the government is going to invest heavily in infrastructure.