(as of 7:00 AM PST)
Markets have snapped back to start the day. Data has been generally good. Jobless claims have fallen slightly while producer price reports show no hint of inflation on the horizon. It also seems that today's data takes the pressure off of the Federal Reserve Bank to start early interest rates hikes. Europe is having a good day. No new news on Greece is enough of a positive to make investors optimistic. The US currency seems to be putting in a reversal. The dollar is falling against most currencies based on the low inflation data and weakening retail sales. Gold and silver are having another good day adding to the previous two day rally. Oil is to the downside with worries of a supply glut continuing to make energy investors nervous. Let's see if today's market activity will lift stock markets out of the malaise of the last few weeks.
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