In this morning's note we'll take a look at today's early numbers then jump to our weekly video economic update wherein I also feature a snapshot of the latest action in the S&P 500 Index.
Europe's rallying as well this morning, with 14 of the 19 bourses we follow trading up as I type.
US stocks are so far giving up a chunk of yesterday's gains: Dow down 298 points (0.88%), SP500 down 1.46%, SP500 Equal Weight down 0.79%, Nasdaq 100 down 1.75%, Nasdaq Comp down 1.45%, Russell 2000 down 0.39%.
The VIX sits at 30.14, up 0.50%.
Oil futures are up 1.14%, gold's up 0.51%, silver's down 0.89%, copper futures are down 0.29% and the ag complex (DBA) is down 0.25%.
The 10-year treasury is down (yield up) and the dollar is down 0.38%.
Among our 39 core positions (excluding cash and short-term bond ETF), 13 -- led by Nokia, Albemarle, South Korean equities, solar stocks and emerging market equities -- are in the green so far this morning. The losers are being led lower by Verizon, AT&T, tech stocks, utilities and healthcare stocks.
Here's this week's economic update (along with a quick look at the S&P 500 technicals).
Have a great weekend!
Marty
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