Chinese PMI and ISM Manufacturing Could Be Real Spoilers Monday Morning!
This week, the market is taking a break after one of the best months ever. Stocks rebounded sharply ahead of earnings and a continued to move higher once the releases started. Some of the strongest companies report early and great earnings news is now "baked in" for those who are about to post numbers. During the last three quarters, stocks have retreated during the second half of earnings season. We are at that juncture now and weak economic news will add to the selling pressure. As I mentioned in yesterday's comments, the Beige Book would weigh on the market and we …
July 29, 2010
• Posted in: Options
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