(as of 7:15 AM PST)
Traders are wading back into the pits after what seemed an extended Labor Day holiday. Yesterday's markets were mixed and didn't set the expected tone for September. Overnight action on international markets was very positive with China economic numbers coming in strong and the hope of a Ukraine Russia cease fire spurring Europe markets forward. Today's action is tentative. All indexes opened positive, but there is a nagging feeling that the gains won't hold despite some solid economic data. Gold and oil were both mildly higher after getting hammered yesterday. Yields are rising slowly. It seems like sooner than later for the start of Federal Reserve interest rate hikes with the economic recovery gaining momentum. That might be what is holding markets back from what would seem a continuation of the rally.
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