It was interesting to watch the trading activity on the back of Apple’s earnings release. Many pundits on TV were claiming that with the positive results, the markets were about to usher in another magnificent bull run. On the same day, the Core Durable Goods Orders number was released. The number was expected to be a positive 0.6% but was instead signaling economic weakness at a negative 1.1%
It is interesting how bearish news can be overlooked just before a large turndown. Only time will tell if we will indeed move higher in the markets or sell off drastically in response to global economic weakness. Most investors and traders are aware… Continue Reading
