(As of 7:12 am PST)
Stocks are down slightly at
the start, mostly brushing off a very weak retail sales report. Consumer sentiment also disappointed
investors coming in at a nine month low.
The big story today is the selloff in the commodities arena with gold
and oil both plummeting by nearly 2%.
Oil is down based on demand concern while gold is continuing a bearish
trend which has been the story over the last few weeks. Some good news to report is that wholesale
prices actually went down in March, giving the Federal Reserve Bank more
flexibility in its quantitative easing programs. Positive momentum continues to
bubble up and one gets the feeling that stocks will drift to the plus side
again today.
No comments:
Post a Comment