Profit taking is picking up speed with markets opening moderately down to start the day. Perhaps it is the summer doldrums or maybe we have come too far too fast, but whatever the reason, it is shaping up to be an ugly, forgettable day. The Nasdaq leads indexes lower, off nearly 1%. Negative momentum is on the upswing along with market volatility. Gold is a bright spot, up moderately while oil is down slightly as it digests geopolitical news. Interest rates are down with investors turning to a 'risk-off' scenario. Expect continuing turbulence so fasten those seat belts!
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