(as of 7:10 AM PST)
After a week of drama and volatility, today's action is very quiet. The Indexes are heading for a loss of over 2% this week, in spite of today's uninspiring positive open. International markets are mixed. Investors are a little nervous but there is an air of complacency as well. Is this week's action the start of the much anticipated correction? It seems that as we enter the second quarter of the year next week, there are a number of obstacles that could make for a challenging investment environment. Gold and oil are giving back yesterday's gains. Economic data is light. 1st quarter GDP estimates were slightly below expectations at a 2.2% growth rate and consumer sentiment had small gain. Negative sentiment could pull stocks lower as the day progresses.
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