(As of 6:49 am pacific)
The market is popping this
morning with what seems to be a risk on scenario. The dollar is falling, while oil and gold are
up significantly, as are most commodities.
Interest rates are rising slightly.
News from Europe has been mostly positive. One profit report of note shows Best Buy with
a 90% drop in profits and a suspension of future profit projections. The stock is down 10%. There are no significant economic reports
today and trading will likely continue to be very thin as the slow August
trading activity continues. Look to the
market to hold onto early gains since there is little going on that will offset
the initial positive momentum.
