So far so good. Stocks are creeping up in a
very nervous market. After two days of declines investors are wondering
if this is the start of the correction that many analysts have been
predicting for months. It is a very quiet market. Earnings reports
are mixed. News out of Europe is negative with talk of a bailout of a
major Portuguese bank and a report that German GDP will decline to zero because
of the impact from Russia sanctions trickling down to its own economy.
There is very little economic data today and profit reports are winding
down. August tends to be a slow trading month with many institutional
investors on vacation. Oil and gold are down slightly and interest rates
are holding steady.
No comments:
Post a Comment