What to expect from US Markets this week - Oct 25

1 . FED's 2 day meet which ends on wednesday, A 50 basis Point rate cut is expected.

2. US reports its 3rd qtr GDP growth which is expected to be weak.

3. As Many as 100 of the S&P 500 announce their results.

4. Last week of campaigning before US presidential election on Nov 4th.

Some Indicators.

US VIX ( Volatilty Index) Has hit an all time high of 80.

Weekly jobless claims shoots to 478,000.

OPEC cuts oil prodution by 1.5 million barrels.