(As of 7:15 am PST)
A strong showing in European
markets has carried over to US markets this morning. Factors adding to investor enthusiasm were a
couple of positive economic reports. The
Empire State Index, a widely followed measure of economic activity, was up and
above expectations. Homebuilder
confidence levels came in at the highest level since 2006. There is also sentiment that the Federal
Reserve will leave Quantitative Easing unchanged. Gold is down slightly, while oil is up on
tensions over Syria. Interest rate
yields are down slightly. It seems too
far too fast this morning so look for a pullback from market tops, but a
positive overall result.
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