American mutual funds are scouring Europe for bargains, snapping up Dutch oil drillers, French drugmakers and Swiss food producers on speculation the region’s rally is just beginning as the U.S. bull market ages.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
Tomorrow morning markets will react to the release of the November unemployment number. This release will be watched very closely as market participants look for clues for when the Fed might taper its $85 billion a month bond buying program.
Five U.S. agencies will finish the Volcker rule tomorrow after more than three years of Wall Street resistance.