WEEKLY MARKET DIGEST: FOMC AND BERNANKE ON TAP, OIL HITS $105 $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
FED CHANGED THE PICTURE, NOW IT IS UP TO EARNINGS
July 12, 2013
The big picture for the markets changed dramatically on Thursday afternoon when FOMC released its minutes, now it is up to earnings.
So far two big earnings reports from JPM and WFC are basically in line. These stocks have run up going into earnings, let us see how they react today. Their reaction will provide important clues.
Gold futures are at $1270, silver futures are at $19.73, and oil futures are $105.65.
July 12, 2013