(As of 7:19 am PST)
What a difference a day makes. Stocks are seeing a small rebound this
morning after tumbling in the worst session of the year yesterday. A light data calendar has investors
reevaluating portfolio positions and looking tactically at how to move forward
in lieu of yesterday’s events. Gold is
recovering, up nearly $10 per ounce after losing 6.5% yesterday. Headlines are light across the globe as
markets appear to be catching their breath before determining future
direction. Asian markets were mixed with
the Nikkei up 1.7%. Europe is seeing a
choppy trade as well. Oil prices
continue to drop sharply with analysts calling for further price decline. Treasury yields are edging up after soaring
yesterday and the US dollar continues to climb as well. With volatility falling back expect a calm
day today as traders and portfolio managers catch their breath, evaluate
allocations and chart their course for the summer.
P.S. If you missed
out on the major events that caused yesterday’s selloff, please check out the
video we recorded which is posted on the “Videos” tab of this blog. Enjoy and send us your questions!
No comments:
Post a Comment