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H&W in the Media

Greece, the Fed Hold Keys to Coming Week

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“It seems like to a certain extent the market has already priced in Europe being able to handle outcome of election no matter how it goes,” said Kevin Mahn, the president of Hennion & Walsh Asset Management. Mahn says that Greece will eventually leave the euro and that Sunday’s election results may market a step in that direction. But he adds that an exit from the eurozone won’t happen overnight and it will take a while for global markets to feel its effects. He also says that if Greece leaves the currency bloc then Europe will work to shore up the rest of it. “Europe is in the first or second inning of its recession, and the U.S. is in its eighth or ninth,” Mahn said.

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