Welcome to the mid-week rebound! Yesterday metals and stocks bounced back up and this morning's futures have them both flat (morning traders have gold up and silver down). Let's see how todays trade reacts to today's reports:
MBA Mortgage Index
CPI
Core CPI
Current Account Balance
NAHB Housing Market Index
Crude Inventories
FOMC Rate Decision
--w/ all but the Rate Decision this morning beginning 1-1/2 hrs. before the bell. A lot of buzz about the Fed, China, and more:
- What's Keeping the Fed From Raising Short-Term Interest Rates TheStreet.com - 29 minutes ago NEW YORK (TheStreet) -- The Federal Reserve may be ending its monetary stimulus, but it's not quite ready to start signaling higher interest rates.
- Fed, China stimulus hopes boost world stocks
- Billionaire's house arrest sends stocks crashing Billionaire's house arrest sends stocks crashing MOSCOW (AP) — The arrest of a Russian billionaire on Wednesday sent shares in his holding company into a tailspin, wiping away more than $2.5 billion in market capitalization. Vladimir Yevtushenkov, who is worth $9 billion according to the Russian…
- 'Poverty' In America Isn't Your Father's Poverty - Robert Rector, Investor's
- The Recovery Won't Be For a While, If At All - Editorial, New York Times
- 5 Things to Watch At The Fed Meeting - Pedro da Costa, Wall Street Journal
- Fed Exit May Be a Bumpy Ride for Investors - Eisen & Robb, MarketWatch
- Fed Could Jolt the Markets, No Matter What It Does - Patti Domm, CNBC
- Crash Ahead!!!! - Robert Seawright, Above The Market
- Stocks Rise As Sun Unexpectedly Rises - Sigmund Holmes