(As of 7:26 am pacific)
Although the market seems flat
and uninspiring today, there are some interesting things going on. A ‘merger Monday’, there have been a couple
of buyouts, most notably in the health care field, where the Supreme Court’s
decision on Obamacare is raising some consolidations and opportunities. Where we normally see a down Monday market
due to Europe concerns, today’s relatively flat opening is a departure from that pattern, and also
somewhat positive. Interestingly, the
bad news for this Monday AM is coming from Asia, with Japan showing a marked
slowdown. If past patterns repeat
themselves, we should see a fairly positive day. Prospects for reduced profits during earnings
season may limit the upside potential.
Oil is relatively flat. Most
other commodities are up. The dollar is
generally down. Gold is up and
volatility continues to decline.
