Bumpy Week Ahead on Wall Street
By: Newsroom Solutions
Updated: May 23, 2011
Wall Street could be in for a bumpy week.
New York-based Auerbach Grayson strategist Richard Ross says the market appears poised for a summertime correction.
A weakening commodities market and a stronger U.S. dollar are cited as major signs of the pending sell-off.
Analysts believe the U.S. dollar gaining steam shows investors are starting to avoid risk.
Despite the forecast, investors have sidestepped a major sell-off to this point by moving money to utilities and other lower-risk sectors.
New York-based Auerbach Grayson strategist Richard Ross says the market appears poised for a summertime correction.
A weakening commodities market and a stronger U.S. dollar are cited as major signs of the pending sell-off.
Analysts believe the U.S. dollar gaining steam shows investors are starting to avoid risk.
Despite the forecast, investors have sidestepped a major sell-off to this point by moving money to utilities and other lower-risk sectors.
