The last two weeks have been a heart-stopping roller coaster ride for investors. But don’t assume that the ride is necessarily over, said Michael Ryan, chief investment strategist at UBS.
Ryan, in an interview with On Wall Street, said that while the market in the past couple weeks was roiled by investor concerns about the political crisis over the U.S. debt-ceiling and the country’s sovereign rating, about European debt, about the policy decisions of central bankers, about the direction of the U.S. and global economy and about the impact of all of these on corporate earnings, this week investors will focusing on reports providing key data telling them exactly where the economy is headed.
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