(As of 7:09 am pacific)
Summer doldrums continue
today. There is some mild, but not
exciting economic data; slightly lower jobless claims and a reduction in the
balance of trade deficit. Generally
upbeat news is keeping the market very solid.
Growth concerns out of China are a plus/minus. Decelerating growth is not good for a global
economy, but the thought of more Chinese economic stimulus has traders
excited. Gold is flat while oil is up
slightly. The dollar is generally up and
interest rates are up slightly. Expect a
quiet day with generally positive momentum.
