The Week Ahead: Financials in Focus

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WFC/Wells Fargo reported a perfect earnings report. However, this perfect report was priced in the stock, the street was not surprised. Any negative news related to automated deficit spending cuts next week can take the market down.

S&P 1440

Panetta: Impasse would mean severe cuts in operations
"My fear in talking to members of Congress is that this issue may now be in a very difficult place, in terms of their willingness to confront what needs to be done to de-trigger sequester," he said.
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