After yesterday’s heavy selling, I think most thought the market would be weak again at the open. Asian markets were lower across the board overnight, as profit taking there set in following our selloff.But the core PPI came out below consensus this morning (+2.0% yr/yr), and the retails sales report was above expectations. This coupled with a buyout rumor of ORCL for BEAS brought out the buyers.The NDX is up over +1.1% in early trading, quite a surprise. I know its still very early in the day, so we[...]
Read More...
[Source: The Money Blogs]
No comments:
Post a Comment