Barker on the Market (34:06)
September 7, 2007—Mike Barker, Investment and Retirement Management, discusses the upcoming jobs report and his expectations as to how it will affect the market and the Federal Reserve. Barker talks about the beige book that was issued by the Fed this month, the market reaction to the report and his take on whether the Fed will cut the funds rate when it meets later this month, the positive retail news that was released yesterday, consumer spending and the upcoming holiday season. Also discussed are Mohawk and Interface shares and their recent downturns, the negative foreclosure information recently released, the credit market and the areas that will draw his attention in the weeks ahead.
Related Topics:Interface, Mohawk Industries