The markets might be a heck of a lot calmer if everybody in Washington would just shut up. Of course, that’s not going to happen anytime soon.
Treasury Secretary Tim Geithner is testifying in front of Congress Wednesday about the government’s mishandling of the AIG “rescue.” Later on, the Federal Reserve will release its latest statement about the economy and interest rates.
And if that weren’t enough, President Obama gives his eagerly awaited first State of the Union speech Wednesday night.
“The spate of recent political events that have market implications is increasing. Politics have always mattered but they matter more than ever and it does lead to more uncertainty,” said Rex Macey, chief investment officer with Wilmington Trust.
Read More: – By Paul R. La Monica, editor at large,CNNMoney.com