Tuesday, July 10, 2012

Economic Journal - Tuesday, 7/10/2012

(As of 4:15 pm pacific)

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(As of 7:00 am pacific)

European news has had a positive effect on US markets.  There are no significant economic reports today.  Gold is up while oil is down and the US dollar is mixed against world currencies.  Interest rates are down slightly.  Alcoa kicked off what could be a bumpy earnings season with an uninspiring earnings report.  There seems to be a positive momentum to the markets but I see that waning as the day goes on.