(As of 7:20 am PST)
There is not much to like in
today’s economic news. The markets
opened slightly higher, but don’t expect those levels to hold. Generally news has been negative across the
globe and domestically. It is not enough
to change market momentum in a big way, but with current run-ups, and record
market closes, it feels as if profit taking is in the cards and these less than
stellar reports might give investors a reason to pause. It is the end of what has been a great quarter
for the stock market since Good Friday is a stock holiday. Gold is down and oil is flat. The US dollar is mixed, but mostly down.
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