Greek Tensions to Persist in Coming Week:
NEW YORK (TheStreet) -- Market anxiety is expected to stay at elevated levels next week as the political turmoil in Greece goes unresolved.
Next week is a very light week on the economic and earnings front and is also right before the Memorial Day holiday; so right there won't be many major drivers for the market. That means investors are likely to continue to focus on the overriding issues in Europe.
"The big question is 'what if'-type bad news like what if Greece leaves the eurozone soon?," said Ryan Detrick, senior technical strategist at Schaeffer's. "But what is important to remember is that no one has ever left the eurozone," he said.
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NEW YORK (TheStreet) -- Market anxiety is expected to stay at elevated levels next week as the political turmoil in Greece goes unresolved.
Next week is a very light week on the economic and earnings front and is also right before the Memorial Day holiday; so right there won't be many major drivers for the market. That means investors are likely to continue to focus on the overriding issues in Europe.
"The big question is 'what if'-type bad news like what if Greece leaves the eurozone soon?," said Ryan Detrick, senior technical strategist at Schaeffer's. "But what is important to remember is that no one has ever left the eurozone," he said.
...
Click to view a price quote on JPM.
Click to research the Banking industry.
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