 |
The market has a nice rebound after yesterday\'s selloff. It is quite apparent from today\'s action that yesterday\'s selloff is more like profit taking than a reversal. Volume is on the light side just like other Fridays. The economic news this morning is mostly positive, indicating the economy is still doing fine. Oil hits another intra-day historical high today. As we are going to enter the busiest portion of the earning season next week, how the guidance looks like will have a meaningful impact on the market performance for the rest of this year.
|
|
|
