NEW YORK (Reuters) – Wall Street is next week on the threshold of an outbreak in U.S. stocks, but it will be another flood of earnings reports should include convincing the rally, which germinated at the end of this week feed. The markets with discomfort endured bad economic data and downbeat statements from Federal Reserve Chairman Ben Bernanke on Wednesday, but devoted himself, after a series of strong results to better times ahead mentioned.
Next week brings more results from bellwethers such as Chevron (CVX.N), DuPont (DD.N) and Boeing (BA.N). The trick is turning the saw-tooth action in accumulated profits – and anticipated improvement in the band – that would be a revival of the mood signal.
“It’s a constant battle between the bulls and the bears, when in fact the answer in the middle ground. This market is more like a turkey and not a bull or a bear,” said Brian Jacobsen, head of portfolio strategist at Wells Fargo Fund Management in Menomonee Falls, Wisconsin.
Investors were forced to adjust their expectations for the economy again, with those showing the pace of the recovery has gone from a sprint to a crawl.
It has also prompted a divisive dispute over the likelihood of a recession encore. But if worry could have started on a double dip, flushed out of the market, an unexpected positive, the market higher fuel prices.
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