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The Events That Matter Most To Investors For The Remainder of 2010

12/07/2009

The year begins to wind down this week, as we are past the 3rd quarter earnings season and the economic data having the most impact has been released.

Last Friday's Unemployment report was encouraging in every regard. Further sequential improvement in the coming months will be needed, however, to suggest an imminent shift in monetary policy. A prolonged fight against deflation and "under" employment is underway and will continue well into 2010.

Books are beginning to square ahead of December 31 and strategies are being formulated for 2010. I encourage all investors to ready a game plan for 2010; it will be required for outperformance. In the coming weeks, I will offer some insight on my plan.

Each Thursday's Initial Jobless Claims

I have written about the continued improvement in these weekly figures over the past month or so. A downtrend is in place with a target of 400,000. The improvement in these weekly figures suggests that a peak in the unemployment rate occurs late Q1 or early Q2.


Source: Bloomberg

Friday December 11 - Retail Sales

Wednesday December 16 - Final FOMC meeting for 2009

Tuesday December 22 - GDP Q3

In addition to providing commentary on strategies for 2010, if any economic data, geopolitical event, or market-impacting event occurs through the remainder of 2009, I will provide commentary on this blog.

Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.