Good Morning and good grief! Our poor stock indexes took a sever -3% downturn yesterday in rising volume while gold and silver continue to plod (now at $1,139.55 and $14.60). Now we're back in rollercoaster mode w/ futures calling a rise in indexes to +0.58% and metals falling -0.38%. The announcement glut continues today with:
7:00 AM MBA Mortgage Index
8:15 AM ADP Employment Change
8:30 AM Productivity-Rev.
8:30 AM Unit Labor Costs -Rev.
10:00 AM Factory Orders
10:30 AM Crude Inventories
2:00 PM Fed's Beige Book
7:30 AM Challenger Job Cuts
---not to mention:
- Chinese stocks swing again as rollercoaster trading continues Telegraph.co.uk - 3 hours ago Asian stocks witnessed a fresh round of volatility on Wednesday, as further evidence of slowing growth in China's economy brought a new bout of uncertainty to global markets.
- Stocks: 5 things to know before the open CNNMoney
- Global Stocks Up Slightly But Investors Remain Cautious
- U.S. stock index futures indicated a higher open on Wednesday after the worst start to September in 13 years, with stocks finishing down almost 3 percent as China and interest rate fears dominated.
- Oil extends losses on weak global economic outlook
- How panicky retirement savers blew it when stocks fell