Markets Will Pay Close Attention To Yellen Testimony

The big news of the day will be Janet Yellen’s testimony before Congress. Any comments she makes on QE will be watched extremely closely; her comments could have a significant impact on stocks this week. Since she’s new to the chairmanship, we cannot speculate what she might say.  Even if we were 100 percent certain of what she will say, a slip of the tongue during the question period could prove to be more powerful than her prepared remarks.

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