Beautiful day today! Yesterday's selloff that wasn't has now become what futures trades call +0.30% for metals and +0.25% for stocks. Another thing is we'll only have to put up w/ MBA Mortgage Index, Crude Inventories, and the FOMC Rate Decision; headlines:
- US stocks suffer biggest drop in 3 weeks MarketWatch - 5:42am NEW YORK (MarketWatch) - U.S. stocks recorded their biggest decline in three weeks on Tuesday, following a surprise drop in durable-goods orders and disappointing earnings from Microsoft Corp.
- Fed seen remaining patient with rate guidance amid global turmoil Reuters - 5 hours ago WASHINGTON (Reuters) - The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S.
- Global shares resilient as investors pin hopes on Fed; Apple outperforms
- Oil rises on hopes Saudis may step in Oil futures rise as some optimism about output permeates markets.
- Gold to find floor in 2015, paving way for gains next year Gold faces a third year of losses in 2015 as the United States prepares for its first interest rate rise in nearly a decade, but the market should also find a floor, clearing the way for a recovery next year, a Reuters poll showed. The survey of 38 analysts and traders conducted earlier this month Reuters