Waiting for signs on the fiscal cliff (and from the Fed)

Russ Koesterich | BlackRock | 04 December 2012

Investors are stuck between a rock and a hard place. They're trying to plan for the end of 2012, while also looking ahead to 2013. It's being reflected in the questions I'm getting from clients right now, who are worried both about the US fiscal cliff and the outlook for interest rates in 2013.

As we saw last week, the markets are focused on every utterance out of Washington on the fiscal cliff. For better or worse, this is unlikely to change until ...