And the news was .... good!
and yet the market sold off 185. So here we are sept 1, and economic numbers albeit benefitting from a wealth effect created by higher equity prices start producing better economic reports. The ISM number came in strong. Yet london's numbers on activity were weak. It's mixed globally, but we have been printing faster. The market may be just letting off steam, and if we can continue to see better economic numbers then equity prices will continue their climb. To sum it up we got thru earnings season with earnings or losses better than expectations , -you know how that works and here we are with still more good news and the beast can't muster any more oompf... at least for now.