With less than 30 minutes remaining in the trading
session investors seem to be on the fence in terms of deciding an overall
market direction today. After seeing
zero action over the weekend to stem the Euro Zone crisis investors have
decided to take a wait and see approach.
At this point it is all about how the leaders in Europe will decide to
handle the situation going forward.
There has been an emergency G7 meeting scheduled for tomorrow, but again
there are very little expectations for any unified solution at all to develop.
Investors need to mark June 17th on their
calendars as a very important inflection point in the seemingly never ending
Euro Zone saga. This of course
represents the much anticipated Greek elections, which will help to decide the
new ruling government power.
Stay safe out there and please ask questions of your
financial professional.
Past performance is no guarantee of future results.
Eric Marvin, CFP®, CRPC®
