ByAbba’s Aces:
The market seems to keep making new highs day after day these days. It was the 14th time this year that the S&P500 closed at record high. However, there are three major macroeconomic events taking place next week which can move the indices much higher, or much lower. The first event is the China purchasing managers’ index comes out Sunday, the second even is the European Central Bank meeting on Thursday, and lastly, the U.S. jobs report is on Friday. Things have been weak abroad while being strong here stateside.