Robert Pavlik, Chief Market Strategist at New York-based Banyan Partners, discusses:

- Re Fed succession: analysts reckon that if Larry Summers replaces Ben Bernanke as Fed chairman in January, any scaling back in the central bank's asset-purchase program would be ramped up by the hawkish Summers.

- And it would deal a further blow to battered emerging markets.

- What's your view on this?

- The markets -- naturally -- prefer policy continuity -- namely a Yellen appointment.

- What’s your view?
- Who is your pick?

- And of potential US military strike into Syria:

Why does US President Obama seem so gung-ho on enforcing his own warning last year that President Basher Assad would face “enormous consequences” were he to cross the red line by using chemical weapons?
Is he not effectively asking Congress for permission to enforce his own threat?

- Does this strike you as an incredulous move, given Assad's assertions in turn that that any military strike against his country would spark an “uncontrollable regional war” and spread "chaos and extremism"

- How highly would you rate the negative repercussions on equity markets and indeed oil prices if these tensions further escalate?

- US new home sales declined by 13.4% MoM to an annualised 394,000 units in July - the lowest level in nine months.
Wells Fargo, America’s biggest mortgage lender, said that it is cutting some 2,300 mortgage-related jobs across the country.
Are rising interest rates causing a significant slowdown in the all-important US housing market?

- Given housing is considered by many to be the strongest sector of the US economy at present,
does the slowing momentum bring into question the Fed’s plans to start tapering later this month, let alone raising interest rates this year or next?

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