Stocks Finally Awaken – What Now?

The U.S. stock market suddenly woke up on Friday after nearly two months of sleepy sideways trading. The primary catalyst was the notion that the Fed might actually raise interest rates at their next policy meeting on September 20-21. If this is indeed the reason for the sell-off, it should not have come as a surprise to investors, as the Fed has been consistently stating since late July that a rate hike in September was on the table. Regardless of the reason, the markets have finally stirred from their prolonged slumber as they head into the weekend. What can we reasonably expect next?

Please click on the link to read more of my article on Seeking Alpha.

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