(As of 7:18 am PST)
It’s a quiet day today with
earnings season winding down and a lack of significant economic reports. One report, from the Chicago Fed, showed
slowing economic activity across the nation, down slightly from the prior
month. Gold continues its slide of the
last two weeks, down $10 per ounce while oil looks like it will break its
winning streak, down as well. Markets
are slightly to the negative, but solid, considering the strong May rally we
have seen. Asian markets were up
strongly overnight but reports of an economic slowdown in China are creating
some anxiety. Europe is somewhat muted.
It looks like today might be a day of profit taking and consolidation
with investors looking for the next catalyst to propel indexes to new record
highs.
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