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Yesterday (Tuesday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on CNBC World to talk over the biggest news from the stock market now.
Today, the Dow Jones Industrial Average set a new record high at 15,746.88, and the S&P 500 closed at 1,770.49 (a 0.43% rise since yesterday). The rising markets are indicative that investors believe the U.S. Federal Reserve will see the data and choose to continue with its interest-rate lowering quantitative easing (QE) program.
Looking ahead, economic growth data and October jobs report due for release later this week have investors holding their breath.
Fitz-Gerald discusses the upcoming economic and employment data, which was delayed by the government shutdown last month, or, as Fitz-Gerald puts it, "due to lack of adult supervision in Washington."
Additionally discussed is the worrisome lack of liquidity levels in the market right now, plus portending numbers coming out of Europe and whether – or not – we might be on the way to a global economic recovery.
Watch the video as Fitz-Gerald discusses all the hot topics affecting the stock market now:
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