A couple of economic reports weighed on the market in early trading. The Chicago PMI was weaker than exepcted, and the jobless claims came in higher than exepcted at 375,000 for the week.This worried the market that the economy is still weakening, and led to a selloff in stocks and buying of bonds. The buying pressure in the latter pushed bond yields on the 10-year down to 3.61%. But the rate cuts and now positively sloping yield curve continues to help the financials, which are up so far despite the overall weakness.Masterca[...]
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[Source: The Money Blogs]
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