The Fed May Hold the Key to Unlocking the Range Bound Market
Market Commentary Highlights...
The Fed typically provides added economic stimulus at this point in the economic cycle.
We put about a 25% chance of quantitative easing in September, with a greater chance of action at the November meeting scheduled the day after the mid-term elections.
If the Fed does act and announces action at their meeting on Tuesday, the stock market may break out of its current range to the upside. Market participants would like to see action from the Fed as a backstop against a double-dip recession rather than having the potential to cause problematic inflation.Read the entire Market Commentary
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Lincoln Savings Bank and LSB Financial are pleased to provide the above Market Commentary for the week of September 20, 2010. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. This commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx
###This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. www.mylsb.com/