Market strategist Richard Suttmeier talks about the job losses and their effect on Wall Street.
“The Federal Reserve has concerns about the labor market. The first week of twenty-ten was a continuation of 2009. So far, homebuilders, and community and regional banks are strong, going against my theme that housing and financials will cause an economic swoon…”
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About Richard Suttmeier:
Richard Suttmeier’s latest blog analyzes earnings from Intel, the most important technology stock, JP Morgan Chase, the most important “too big to fail” bank, and break-out’s for Comex copper and Nymex crude oil.
Richard Suttmeier is the chief market strategist for ValuEngine.com. Richard is an industry leader on the housing market and banking system and writes a newsletter covering The Great Credit Crunch. He produces a List of Problem Banks by name. He produces daily and weekly briefings covering the US Capital markets. Richard Suttmeier’s ValuEngine Four In Four video is available on forextv.com.
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