Friends
It looks like the bulls are doing their best to make sure that this first quarter of 2015 is not the first negative one in years. Stocks rallied right from the opening bell as traders responded to the possibility that China is willing to ease monetary policy. If China gets on board the easy money gravy train the thought is that global growth could be enhanced.
By the close, the Dow Jones Industrial Average was up 263 points to finish the day at 17,976. The S&P 500 was up 25 points to close at 2086. Gold was down $15 to trade at $1184 per ounce, while oil was down $.37 to trade at $48.50 per barrel WTI.
Tomorrow is the final day of the quarter, so the outcome is still unknown. Did the bulls use all of their bullets today? We shall see. Remember, too, that this is a shortened trading week. Despite the market being closed traders will be looking towards the jobs report due out on Friday. In the meantime, let’s see if the bulls can close the quarter in the black.
Have a nice evening everyone.
