Friday was a repeat of Thursday. Stocks made a nice move higher in the morning and then lost in the afternoon. This type of intra-day reversal often opens the door to the sellers to take stocks significantly lower. But that didn’t happen.
Instead, we just saw the S&P 500 test the 1,165 support/resistance point two more times. This action suggests the rally still has some upside potential, even though it’s moved in practically a straight line since early February.
Now that all parties appear to have agreed upon an aid package for
Surprisingly, European economic confidence rose to its highest level in two months in March even as
As you know, a rally for the euro against the dollar was one of the catalysts I was looking at last week to take
Oil is already trading higher. And the fifth consecutive monthly gain for consumer spending will help. You can’t help but notice the strength of retail stocks lately.
But the most important economic data comes this Friday, when we get the Nonfarm Payrolls number.
Investors are convinced that employment picked up n
Chinese automaker Zhejiang Geely announced it is buying Volvo from Ford (NYSE:F) for $1.8 billion over the weekend. No doubt this is good news for Ford. But it also points to the growing importance of Chinese investments around the world.
There’s been a lot of heated discussion about
Of course, labeling
I expect to see more direct investment in
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