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In the last hour of any given trading day, anything can happen, especially if the markets are experiencing such dizzying amounts of global economic events. This past week, several different government numbers were released like the CPI, jobless claims, the Federal Reserve and QE3, etc. Analysts believe that more weak economic data is on the horizon. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins CNBC Closing Bell to discuss whether the markets are rallying for the right reasons given the potential move by the Federal Reserve to execute on QE3 or the low Consumer Price Index (CPI) released this week.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: cnbc, consumer price index, cpi, financial advisor, global economic events, jobless claims, QE3, rally, stock market, weak economic data, wealth manager