Daily Investment Interpretations
July 15, 2010
After spending most of the day in bear country, market indices climbed
in the last half hour to a mixed close: Worries weigh on stocks.
(Tomorrow is an options expiration day). The NASDAQ Composite
gave up 0.76
to finish at 2249.08. The Dow dipped 7.41
to close at
and the S&P 500
to end at 1,096.48. Oil was unchanged at $76.89 a barrel,
ended at $1,208. The VIX added 0.25
Meanwhile, in the interest of confusing investors, Tomi Kilgore writes, Don't be fooled by another breakout. In that pessimistic vein, U.S. factories slow down, and U.S. stocks drop along with views of recovery, while on the other hand: An optimistic view from MAPI data, Industrial output rises 0.1%, Initial jobless claims fall, and June's core PPI rate increases 0.1%. Welcome to the Tower of Babble!
My investment advisory service welcomes a pullback in order to relieve a short-term overbought condition.
Here are two articles abut China: China's economy on course for 'soft-landing' and Double-digit growth may end for a while.
Stock market future are neutral tonight.