Goldman Sachs listed eight key events likely to weigh on the market still yet to come for 2016. The list comes on the heels of the S&P 500 witnessing 4.10 percent gain up to September 9 while the SPDR S&P 500 ETF Trust SPY advanced 4.64 percent in the same period.
The brokerage indicated that the broader index has witnessed range-bound trading before Election Day — based on the trends from 2012, 2004, 2000, 1996 and before — and is likely to see similar patterns this year.
As such, the following eight events will provide catalysts for the market:
- September 20–21: FOMC Meeting.
- September 26: First Presidential Debate.
- October 4: Vice Presidential Debate.
- October 9: Second Presidential Debate.
- October 19: Third Presidential Debate.
- November 1–2: FOMC Meeting.
- November 8: U.S. Presidential Election.
- December 13–14: FOMC Meeting.
At time of publication, SPY was up 0.3 percent at $213.95.
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
