Seems we got a continuing base this morning for both stocks and metals as futures see gains in metals while stocks fade a bit --complete opposite of last Friday's trade. Barring more chaos in Europe things may quiet down as our report week (CPI, Home Sales, Durables, etc) are all scheduled for Wed. - Thurs. This morning's news:
- Ukraine nerves send European shares lower European stock markets fell across the board on Monday, concerned by an escalation in tensions between Russia and the West and reports the Ukrainian army was moving on a major rebel stronghold.
- Many Wrong Forecasts Later, Yellen Turns to Stocks - Jon Trugman, NYP
- Fed Considers Paying Banks Not To Lend - Mike Cosgrove, Investor's Business
- Ignore Obama's Call For Economic Patriotism - David Harsanyi, Reason
- What Will Undo The Low Rate Environment? - Morningstar
- Bamboozled Billionaires The billionaire trio of Henry Paulson, Michael Bloomberg and Tom Steyer have been bamboozled by global warming profiteers. More
- Exporting Corporate Headquarters and Importing Broken Families July 21, 2014 Not good for the national balance sheet. More
- Gold Extends Drop as U.S. Rates Outlook Counters Ukraine Tension Gold fell for a second day, extending the first weekly loss in seven, as the outlook for higher U.S. borrowing costs offset demand for a haven amid unrest in Ukraine and Gaza. Palladium was near a 13-year high. Bullion for immediate delivery retreated as much as 0.3 percent to $1,307.52 an ounce… Bloomberg