(as of 6:50 AM PST)
Troubling international news and middling US economic data have stocks stumbling out of the gate this morning. International tensions are still high on the tentative Ukraine cease fire, the Euro-Greece stalled negotiations and less than sterling economic data from China. China economic data continues to build on the negative side. Housing prices dropped by 5.1% in China and the best positive outcome at this point is a dose of financial stimulus. US economic data has also pulled back over the last week or so. The Empire State manufacturing gauge dipped in February, but stayed positive. Gold and oil are both down moderately while interest rates are stable. Expect markets to struggle today with mildly negative news on all fronts building a case for market bears.
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