Lots of Market News and No Movement

A week ago we had 3 days of intense news and the market is right where it was.

PRE-OPEN MARKET COMMENTS THURSDAY – “Fed Speak” has been as hawkish as possible with the upper end of the target rate rising. There is more “Fed Speak” today, but the big guns have been fired.  Corporate profits and guidance have been underwhelming and valuations remain high. Cost cutting measures have been announced and stocks rallying on the news. This is not a healthy backdrop for the market, but it keeps going up.

Daily Bulletin Continues...