Looking Ahead: August 19 through August 23, 2013

Investors continue to be obsessed with the Federal Reserve’s next move and in the process could be ignoring mitigating information that could delay any cut back in stimulus. Most equity indexes advanced on the week except those in the U.S. The last two weeks of August are typically slow with light trading. Data releases in Europe are typically deferred during this time as well. Investors will wait for September before making any dramatic moves, ceteris paribus.