Thanks for joining on this edition of PowerTalk, where I, Chris Versace - editor of the PowerTrend Profits investing newsletter, dish with good friend Keith Bliss of Cuttone & Co. from the floor of the NYSE. Each week we’ll be breaking down the latest goings on in the market and talking about what’s moving it. We also share what data and events we’ll be keeping our eyes on next week.
This past week was an interesting one to say the least. From the start of the sequester and the would be snowquester on the east coast to the latest economic data that points to a firmer domestic economy. Despite a better than expected February Employment Report, there are reasons to be think that this could be an outlier rather than the real thing. Not only did the Challenger Grey Job Cuts report point to a 37% increase in job cuts during February, but sifting through this week’s Fed Beige Book reveals restrained hiring given the implications of the Affordable Care Act. Factor in the e