Were closed for holidays. In the early trading in europe this morning, ahead of that final debate between the last two candidates in the french election, you can see the cac is off by a third of a percentage point. Ftse is also down. Crude Oil Yesterday down, and down once again as pumping in libya and the United States more than made up some of the cutbacks. We closed below 48 yesterday. Right now 48. 04. On todays agenda the fed concluding its twoday meeting with a statement at 2 00 p. M. Eastern time. The central bank expected to hold rates steady. Investors looking for hints that the economy is on track for a rate increase in june. Another big earnings day ahead. We will hear from time warner and yum brandtbrands, after the close, facebook, tesla, aig and fitbit will report. Adp private payrolls at 8 15 this morning. Later services pmi and ism nonmanufacturing. We are just four days away from the final round of the french election. Candidates emanuel macron and Marine Le Pen face o
Every time you think theyve buried technology stocks, it turns out to be the moment to buy them every time you think theyve abandoned the Growth Stocks sell, sell, sell. No, theyre right back there. Buy, buy, buy every time youve written off the industrials or decided the latest fed rate hike Means Nothing to the banks, the money flows right back in. The result, a bountiful day. Hallelujah where the dow gained and the s p both set records and the nasdaq liclimbed 1. 42 . And it reminds us that the nasdaq doesnt just go down, which is what you felt like last week thats a good point, isnt it . Where were the buyers when these stocks were pummeling . Where did the sellers go i think its a great question, given how quickly the market has given up on each group, only to come back in the end it is why ive urged you for years to buy the dips endlessly. Because the negativity gets so thick at the bottom, that you can miss these opportunities unless someone reminds you that theyre out there. Le
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