Friends
Ok, I get back in the saddle today, and it’s UN speeches ,calls for impeachment, whistleblowers, phone calls with Ukraine, and slipping consumer confidence numbers- and that was all before lunch. Needless to say, stocks were all over the place with the Dow experiencing a 360 point swing, top to bottom. Also, needless to say, it is ridiculously foolish to try to make investment decisions based on headlines and tweets. Nevertheless, it is somewhat entertaining to watch- I guess.
For the day, the Dow Jones Industrial Average was down 141 points to close at 26,808. The S&P 500 was down 25 points to close at 2966. Gold was up $9 to trade at $1,540 per ounce, while oil was down $1.60 to trade at $57.04 per barrel WTI.
Other economic data this week includes our a revised look at 2nd quarter GDP, pending home sales, durable goods orders and core inflation numbers. Nike releases earnings after the bell today, so that could give us an early look into the upcoming earnings season. Stay tuned, there’s never a dull moment these days.
Have a nice evening everyone.
