Wednesday, July 27, 2011

What to Expect for the Rest of the Week

First, a disclaimer: IF the politicians come to a debt ceiling deal before the weekend, nothing said here counts.

Forex: expect the dollar to be slightly stronger over the next two days.

Stocks are likely to be net down.

Bonds look to want to go up a bit.

Energy is likely to be sideways to down.

Grains are likely to go nowhere in particular. The same probably is true for copper.

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