Things are calm this
morning. Stocks are up slightly after
yesterday’s moderate rise. Earnings
season kicked off yesterday with a middling report from Alcoa. Market direction will likely be driven by
corporate profit results for the next few weeks. While there seems to be a feeling that
investors are looking for that next market correction, there is still a hint of
bullish optimism. Most problem declines
this year have followed with surges to near record levels and the feelings are
in the camp that we will see that pattern repeat. Gold is down moderately after a three day
rally, while oil is unchanged. Interest
rates are stable. Continuing problems in
Ukraine are also weighing negatively on markets.
No comments:
Post a Comment