The Bell Ringers #18: Huge Fed September Meeting, Saudi Oil Under Attack

The Bell Ringers

Join Investing.com senior analysts Jesse Cohen and Clement Thibault as they review the most significant events that impacted financial markets last week and look ahead to what are likely to be the top business and financial stories in the week ahead.

The format is simple: the two will spend three minutes talking about each topic; a bell then sounds once the time is up, whereupon they'll move on to the next topic.

This week’s episode starts with: thoughts on another exciting week on Wall Street, where U.S. stocks enjoyed their third straight weekly gain amid easing trade tension between the U.S. and China.

Next up: The two weighed in on the European Central Bank’s decision last week to restart quantitative easing (QE) and cut its deposit rate deeper into negative territory in a bid to revive the euro zone’s faltering economy.

Finally, the two talk about the troubles facing the potential WeWork IPO, which saw its valuation cut to as low as $10 billion from $47 billion due to softer than expected demand.

Turning their attention to the week ahead, the duo provided their opinions and thoughts on how markets are likely to perform in the coming days and whether we’re setting up for more record highs on Wall Street.

The two also touched on what to expect from the Federal Reserve’s policy meeting, which kicks off on Tuesday, with a 25 basis point rate cut likely to be announced on Wednesday.

Finally, the two also focused on what’s in store in the crude oil market, where prices are expected to spike after an attack on Saudi oil facilities over the weekend knocked out more than half of the kingdom’s oil output.

To close out the episode, they each provided their stock of the week: Adobe Systems for Jesse and Lockheed Martin for Clement.