Tuesday, November 10, 2015

Economic Journal - Tuesday, 11/10/2015

(as of 7:30 AM PST)

Monday was a tough day in the markets.  All major indexes were down 1% plus, pushing the Dow and S&P 500 negative for the year.  Some analysists are concerned that investors are steering clear of stocks in fear of a December rate hike and that this trend looks a lot like what we saw in August and September. This morning’s activity reflects a continuation of that negative sentiment. The economic calendar is light with little data to move markets. Global markets followed the U.S. overnight, most of them in the red. Europe is also exhibiting weakness with political issues in Portugal weighing on markets. Oil is trading up in the early going while gold is down. With profit reports winding down and little economic data, attention is being focused on the Federal Reserve’s big December rate hike decision and history shows us that investors have been very cautious in this type of environment.

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