With Ukraine tensions easing
investors are turning to earnings reports for direction. So far this morning markets like what they
see with indexes up moderately. Economic
data has been tepid but not enough to create concern. We seem to be entering a phase of the market
where volatility is rising. Yesterday we
saw large swings all day and it looks like today may be more of the same. Gold is near unchanged while oil is on the
upswing despite excess supply issues.
Interest rates are stable. With
limited economic data available one would expect a quiet day, but there is a
feeling that volatility will provide us with an adventurous journey as the day
progresses.
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