(As of 7:08 am pacific)
Chinese data buoyed Asian
markets overnight and spilled over into US markets. US markets are down slightly based on a jump
in jobless claims, but the data from China has limited the losses. Earnings are coming in better than expected
especially in the financial arena, and we are not seeing the dismal 4th quarter
projections which were expected to depress the markets during this earnings
season. Stability is the watchword thus
far. In today's market, gold is down
along with oil. The dollar is up
slightly against most currencies.
Mortgage rates have risen slightly.
It feels like jobless claims will weigh on markets today and that losses
will accelerate to a moderate decline for the day.
