Fed Tapering, Syria Become Focal Point for S&P 500

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Sept. 13 (Bloomberg) -- Bloomberg's Scarlet Fu and Gareth Ryan, managing director at IUR Capital, put futures in focus with a look at how the FOMC's expected announcement on tapering and the crisis in Syria may impact the S&P 500 in "On The Markets." They speak on Bloomberg Television's "In The Loop."

What is priced in right now?

Good morning.

August was perhaps if not the toughest month of year for equities.

Most asset classes were being weak priced to factor in this tapering that everyone is waiting for.

We like to remain bullish on equities.

We have had this nice run-up in the s&p during the first few days in september.

We would like to see poll back next week on the actual announcement of tapering.

We still have three days before the announcement next week.

What will the action be like monday, tuesday, wednesday?

We would like to think that things will be relatively quiet over the next couple of days.

Monday and tuesday sees the precursor to the announcement itself on wednesday.

The u.n. report on serious chemical weapons are due out early next week, possibly as early as monday.

What kind of dampening effect is that having on the market?

The two things that are front and center for everyone now is the syrian situation, fomc meeting.

We've had some progress over the last few days with regards to the crisis in syria.

That is one of the reasons why we have had this rally in equities during the first half of september.

Let's see how things go.

It looks like the worst-case scenario may not actually transpire.

Would that be a catalyst for movements and commoditiesk?

Gold is one thing we are looking at.

We have been bearish on gold since the beginning of the year.

The crisis in syria saw a near- term spike in gold.

That is now receded somewhat.

That is why you have had that significant selloff yesterday.

We are remaining bearish on gold through to december.

Gareth ryan joining us from iur capital.

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This text has been automatically generated. It may not be 100% accurate.

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