Tuesday, September 9, 2014

Economic Journal - Tuesday, 9/9/2014

(as of 7:00 AM PST)

All eyes are on Apple, set to convene the much hyped sideshow to unveil at least a couple of new innovations.  Anything less than spectacular would be a negative after this huge buildup.  Since Apple is the largest company in the world and held in many portfolios, any disappointment could move the market to the downside.  In other news, markets seem tentative and tired after the robust run-up in August.  Consolidation and profit taking seem to be the order of the day.  Oil and gold are flat while interest rates are trending upward.  Worries over Federal Reserve Bank intentions are also making traders nervous.

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