Tuesday
Jul102012
Ahead of the open, (10-07)
Tuesday, July 10, 2012 at 06:26AM A market day void of chatter (and/or) any real drivers made for a typical summer ‘doldrum’ day with the SP off a couple of points.
The current 3 part market concerns of : speculation of policy responses from FED (lots of dovish member FED speak today) following NFP#, summit ‘detail’ uncertainty (Spain yields on watch) and US corporate growth/ pick up in pre-announcements (QLIK, AMD more bad for tech) continued to weigh on investor sentiment. The market wary is in the volumes.
Sitting back and waiting for ‘surprise 2H outlook’ earning report from single stocks and/ or a juicy 'buyers dip’ in the broad market to step in.