DailyWatch 7-29-2016

 

Today’s Markets

In Asia, Japan +0.6% to 16529. Hong Kong -1.28% to 21891. China -0.5% to 2979. India -0.6% to 28054.
In Europe, at midday, London -0.1%. Paris +0.1%. Frankfurt +0.5%.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq flat. Crude -0.7% to $40.85. Gold -0.1% to $1340.40.
Ten-year Treasury Yield Flat at 1.52%

Friday’s Economic Calendar

8:30 GDP Q2
8:30 Employment Cost Index
9:30 PM Fed’s Williams Speech
9:45 Chicago PMI
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
3:00 Farm Prices

 

 

 

Daily Market Summary

The S&P futures are trading at 2161.50 this morning. This narrow range in the S&P continues but not for long. Markets can defy what should happen, so you can never say never. Everyone and their brother says the market is over valued(including me).   Continue reading “DailyWatch 7-29-2016”