WEEKLY MARKET DIGEST: EARNINGS BETTER THAN THE WORSE FEARS
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)
MADRID PROTEST BRINGS MARKETS DOWN
July 20, 2012
Police fired rubber bullets on protested in a huge demonstration in Madrid against austerity. 39 people are reportedly injured.
Yield on Spanish bonds has surged over 7%.
After a string of earnings better than the worse case scenarios, GE disappointed this morning.
Some of the positive move in the stock market this week is technical in nature as it relates to option expiration.
Expect a volatile day ahead.
Gold futures are at $1575, silver futures are at $26.85, and oil futures are $90.98.… Please click here or the title below to read more.
July 21, 2012