With the Democratic National Convention underway in Philadelphia this week, and the PGA Championship taking place in New Jersey, a lot of focus will be on the Northeast. Who knows what kind of impact this Presidential election will have on the markets, but we’ve a pretty wild 2016 so far. Will the Fed stay on hold this week, or will they surprise everyone with a rate hike?? We’re not in the predicting business here at Mullooly Asset Management, so we’ll just have to wait and see.
Here’s what I’ve been reading this morning: