This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Day Ahead: Break Out the Whooping Stick

Second, all eyes are on the 2013 estimates to the Fed's economic projections. On the release of the last set of targets, the Fed slightly raised its gross domestic product forecast for 2013, but left the core personal consumption expenditures index unchanged. Mr. Market says this could be reiterated Thursday. #NoGood

Of course, if the market continues to cede ground into the December Fed extravaganza, an investor will have to be prepared to act opportunistically. Amid more attractive valuations, and as the market forces the Fed's hand, Stocks could enjoy a typical pop from odd easing efforts. (Fed chief Ben Bernanke loves the market). For the time being, though, stay overweighted on cash -- meaning, in my realm of no jargon, have a higher amount of cash on hand as opposed to risk on the table.

Reassessment Checklist

First: We'll see the Russell 2000 reach 796 and change (the Aug. 14 close)

Why: The index should hold convincingly as the possible signal fiscal cliff is minimized -- and, with it, the domestic economy will averts the worst-case scenario.

Second: We'll see 1365 on the S&P 500 (Aug. 2 close)

Why: It holds convincingly; stocks will have survived the resurfacing of Europe headline risk and first round of fiscal cliff shock.
At the time of publication, Sozzi had no positions in the stocks mentioned, although positions may change at any time.

Brian Sozzi is Chief Equities Analyst for NBG Productions. In this capacity, he is responsible for developing independent financial content and actionable stock recommendations (including ratings and price targets) for an institutional and retail investor base. In addition, Sozzi is the Editor in Chief of the "Decoding Wall St." investor education online platform.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free

Markets

Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Our Tweets

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs