A lethargic day at best as market chops around in anticipation Bernanke’s testimony starting Tuesday morning. The poor retail sales #’s for June makes this event all the more interesting as investors look for QE clues and a change in Bernanke’s conviction. The prepared remarks begin at 10am before congress gets at it.
Earnings get rolling and if today’s action is any indication tech (SOX) really needs some good news. INTC is the notable AH’s report.