Timeout! After an amazing week of market gains fueled by good economic reports, encouraging geopolitical news and strong corporate profit news, investors are stepping back this morning. While markets are mixed with the Nasdaq up on some strong individual stock performances, the general trend is down with investors taking money off the table. The good news keeps coming with housing starts up strongly and a massive financial stimulation program to boost China markets, but it seems that investors are just tired and overbought. Expect optimism to come into play again as the day wears on and for negative numbers to melt away. Oil and gold continue to struggle, down almost one percent. Interest rates are stable but the rate hikes are coming!
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