Economic Calendar

10-18-2013 chart2Today the opening price on the E-mini S&P was (1733.75). The day’s low was (1730.25) at 10:35 a.m Eastern time. The day’s high of (1740.25) was reached at 2:50 p.m. Eastern time. On the Bloomberg Economic Calendar today, there were no significant reports that would indicate any major market movement. In the morning, Richmond Federal Reserve Bank President Jeffrey Lacker gave a speech where he spoke on the issue of “too big to fail” for financial institutions. He said it would be a “daunting” task to develop a resolution plan for allowing big banks to fail. Later in the day New York Fed President William Dudley was scheduled to speak; however, he did not address monetary policy.

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